Volt Solar Systems, Inc. (VOLT) Tops Q2 EPS by 16c, Revenues Miss
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Volt Information Sciences, Inc. Reports Second Quarter Fiscal 2020 Financial Results
June 16, 2020 4:05 PM EDTNEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (Volt or the Company) (NYSE-AMERICAN: VOLT) a global provider of staffing services, today announced financial results for the second fiscal quarter ended May 3, 2020.
Second Quarter Highlighted Results
Revenue was $207.3 million, compared to $252.1 million in the prior-year quarter; Adjusted Revenue* decreased 14.1%. Gross margin was 15.6%, a 120-basis point improvement versus the comparable quarter in fiscal 2019. GAAP operating loss was $4.4 million, compared to $3.8 million in the prior-year quarter; Adjusted Operating Loss* increased by $1.5 million year over year. Adjusted EBITDA* was a loss... More