VOXX International Corporation Reveals 50% Retreat In Q3 Profit

(RTTNews) - VOXX International Corporation (VOXX) reported earnings for third quarter that dropped compared to the same period last year.

The company said its earnings came in at $7.78 million, or $0.32 per share. This was down from $15.62 million, or $0.64 per share, in last year's third quarter.

Analysts had expected the company to earn $0.12 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 13.8% to $192.51 million. This was down from $223.36 million last year.

VOXX International Corporation earnings at a glance:

-Earnings (Q3): $7.78 Mln. vs. $15.62 Mln. last year. -Earnings Decline (Y-o-Y): -50.2% -EPS (Q3): $0.32 vs. $0.64 last year. -EPS Decline (Y-o-Y): -50.0% -Analysts Estimate: $0.12 -Revenue (Q3): $192.51 Mln vs. $223.36 Mln last year. -Revenue Change (Y-o-Y): -13.8%