Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Audiovox Reports 1Q Loss
Jul 14, 2008
 Printable format
 Email this Article
 Search

Consumer electronics maker Audiovox Corp. reported a fiscal 1Q 2008 loss, citing a write-down of about $2.9 million related to portable navigation products. For the three months ended May 31, Audiovox posted a loss of US$5.2 million.

Audiovox said a highly competitive market resulted in lower average selling prices, prompting the company to exit its portable navigation business and resulting in the $2.9 million writedown.

Sales rose 13% to $144.6 million, from $128.3 million in the year-ago period. Electronics sales rose 20 percent to $113.7 million, on incremental sales generated from acquisitions, higher sales at the company's core consumer and security product lines, and increased sales in Germany and Venezue.

Back to Daily News

 

Daily News

...........................................................

Nov 26, 2014: Hamilton Beach 3Q income down slightly

Nov 26, 2014: LG's sales of Inverter Linear Compressor refrigerators top 10 million

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows