Steel Connect: Fiscal 4Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Steel Connect, Inc (STCN) on Thursday reported a loss of $7.5 million in its fiscal fourth quarter.
On a per-share basis, the Waltham, Massachusetts-based company said it had a loss of 13 cents. Losses, adjusted for amortization costs, came to 2 cents per share.
The supply chain business process management services company posted revenue of $202.2 million in the period.
For the year, the company reported net income of $36.7 million, or 53 cents per share, swinging to a profit in the period. Revenue was reported as $645.3 million.
The company’s shares closed at $2.01. A year ago, they were trading at $1.82.