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Article: Trident Microsystems Reports Financial Results for Second Quarter Of Fiscal Year 2003.
- Article from:
- PR Newswire
- Article date:
- January 21, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Trident Microsystems, Inc. reported today its financial results for the second quarter of fiscal year 2003 which ended December 31, 2002. The company announced that its net sales for the second quarter were $13,283,000, nearly unchanged from the $13,235,000 for the prior quarter and a decrease of 56% from $30,178,000 for the same quarter of the prior fiscal year. The net loss for the second quarter of fiscal year 2003 was $6,802,000 or $0.50 per share compared to a net loss of $5,830,000, or $0.43 per share for the prior quarter and a net loss of $3,334,000, or $0.25 per share for the same quarter of the prior fiscal year.
"Due to reduced customer demand for ...