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Article: Porta Systems Corp. Reports Results for the Quarter and Six Months Ended June 30, 2002.
- Article from:
- Business Wire
- Article date:
- August 14, 2002
CopyrightCOPYRIGHT 2002 Business Wire. 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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Business Editors
SYOSSET, N.Y.--(BUSINESS WIRE)--Aug. 14, 2002
Porta Systems Corp. (AMEX:PSI) today reported an operating loss for the quarter ended June 30, 2002 of $1,071,000, after recording a goodwill impairment loss of approximately $800,000 in the quarter, compared to an operating loss of $1,293,000 for the quarter ended June 30, 2001. The Company recorded a net loss of $887,000, $(0.09) per share (basic and diluted) versus a net loss of $2,511,000, $(0.25) per share (basic and diluted), for the quarters ended June 30, 2002 and 2001, respectively. During the second quarter of 2002, the Company recorded a gain of $450,000 ($.05 per share basic and ...
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