VOXX International: Stock plunges on lower Q1 sales

VOXX International

11/07/2018 14:56

** Automotive and consumer accessories distributor's shares
 VOXX.O  down 9.3 pct at $5.35
    ** Stock among top losers on the Nasdaq
    ** Company's Q1 sales drop 12.2 pct, dampened by lower sales
of products, such as wireless speakers and reception
 urn:newsml:reuters.com:*:nPn23XcW4a
    ** Company also recorded lower international sales at its
consumer accessories and premium audio segments
    ** Company posts loss of 4 cents/shr in Q1; Says it expects
to return to profitability in fiscal 2019 Q3
    ** Up to Tuesday's close, stock had risen 5.4 pct this year

 (Reporting by Arunima Banerjee in Bengaluru)
 ((Reuters Messaging:
arunima.banerjee.thomsonreuters.com@reuters.net))