Sierracin Reports Loss of $707,000 in 3rd Quarter
- Share via
Sierracin Corp. reported a loss of $707,000, or 21 cents per share, for its third quarter ended Sept. 30, compared with earnings for the same period a year ago of $1.5 million, or 42 cents.
Sales for the quarter were $17.2 million, down 17% from last year’s third quarter.
For the nine months ended Sept. 30, the Sylmar aerospace and electronics company lost $1.3 million, or 37 cents per share, against earnings of $3.3 million, or 93 cents, during the same period last year.
Sales for the period were $55.6 million, down 11% from the same period last year.
The company refused to comment on its performance, but Sierracin has been suffering from the general slowdown in the electronics industry.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
