Brief: Sigmatron International Reports Q2 Loss Per Share $0.17

SigmaTron International

12/12/2018 17:23

Dec 12 (Reuters) - SigmaTron International Inc  SGMA.O :
    * SIGMATRON INTERNATIONAL, INC. REPORTS SECOND QUARTER
FINANCIAL
RESULTS FOR FISCAL 2019
    * Q2 REVENUE $77 MILLION VERSUS $73 MILLION
    * Q2 LOSS PER SHARE $0.17
    * SIGMATRON INTERNATIONAL -  IN Q2, NET INCOME NUMBER WAS
NEGATIVELY IMPACTED DUE TO A TAX VALUATION ALLOWANCE RELATED TO
OPERATIONS IN VIETNAM & CHINA
    * SEE SIGNS THAT TARIFFS ARE STARTING TO NEGATIVELY AFFECT
PROJECTED REVENUE INTO 2019
    * "FULLY EXPECT THAT Q3 WILL REMAIN VOLATILE AND
UNPREDICTABLE BUT
TRAJECTORY GOING FORWARD STILL REMAINS POSITIVE"
    * SIGMATRON INTERNATIONAL - PRICE INCREASES DUE TO INCREASED
INTEREST RATES & LABOR COST EXPECTED TO BE IN PLACE BY JANUARY
1, 2019

Source text for Eikon:  ID:nGNX2D86xN 
Further company coverage:  SGMA.O 

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