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General Bearing reports net loss of $426,000

August
11

General Bearing Corp., a West Nyack-based manufacturer of ball bearings, reported a net loss of $426,000 for the quarter ended July 4, compared to net income of $1.87 million a year earlier. The net loss of 5 cents a share compared to earnings per share of 40 cents a year earlier. Sales fell to $21.48 million during the quarter from $35.12 million a year earlier.

This entry was posted on Tuesday, August 11th, 2009 at 1:24 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Earnings

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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