LeCroy reports loss
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- August
- 13
LeCroy Corp. of Chestnut Ridge, the company that supplies equipment that measures signals in computer chips, lost $2.2 million, or 19 cents a share, during the fourth quarter of its fiscal 2007, compared with a profit of $2 million, or 16 cents a share, a year earlier.
The company reported the results on a basis that conforms with generally accepted accounted principles. On a non-conforming basis, the company earned $1.4 million, or 12 cents a share, this year and $3.6 million, or 28 cents a share, last year.
Tom Reslewic, the company’s president and chief executive, said the results were consistent with the projections the company released last month. He said the company had significant costs from a realignment it has been executing.
He said the company saw “a meaningful improvement” in orders in the United States during the fourth quarter due to its business realignment.
This entry was posted
on Monday, August 13th, 2007 at 9:24 am by Allan Drury.
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