Sparton: Fiscal 1Q Earnings Snapshot

Associated Press |

SCHAUMBURG, Ill. (AP) _ Sparton Corp. (SPA) on Thursday reported fiscal first-quarter net income of $212,000, after reporting a loss in the same period a year earlier.

The Schaumburg, Illinois-based company said it had net income of 2 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to 20 cents per share.

The electronics manufacturer posted revenue of $89.5 million in the period.

Sparton shares have declined 44 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.81, a fall of 45 percent in the last 12 months.

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