Brief: Northern Technologies Q3 EPS $0.20

Northern Technologies International

07/07/2016 13:00

July 7 (Reuters) - Northern Technologies International Corp 
 NTIC.O  
    * Northern technologies international corporation reports 
financial results for third quarter fiscal 2016 
    * Q3 earnings per share $0.20 
    * Q3 sales rose 4.9 percent to $8.687 million 
    * Sees FY net income between $0.40 and $0.70 per diluted 
share 
    * Currently evaluating if, and when, may need to write down 
our $1.9 million investment in former joint venture 
    * For fy ending august 31, 2016, expects net sales to be at 
lower end of previous guidance of between $34.0 million and 
$37.0 million 
    * If co decides to write down investment in former jv , 
company would incur a $1.1 million non-cash impairment charge 
 
Source text for Eikon:  ID:nGNXMXDERa  
Further company coverage:  NTIC.O  
 
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