AP NEWS

Dorel Industries: 3Q Earnings Snapshot

November 8, 2019 GMT

WESTMOUNT, Quebec (AP) _ Dorel Industries Inc. (DIIBF) on Friday reported a third-quarter loss of $4.3 million, after reporting a profit in the same period a year earlier.

The Westmount, Quebec-based company said it had a loss of 13 cents per share. Earnings, adjusted for restructuring costs, were 7 cents per share.

The maker of bicycles, child safety products and home furnishings posted revenue of $685.7 million in the period.

The company’s shares closed at $3.61. A year ago, they were trading at $15.35.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DIIBF at https://www.zacks.com/ap/DIIBF