Business in the Burbs

General Bearing reports net loss of $426,000

August

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.
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