AP NEWS

Steel Connect: Fiscal 4Q Earnings Snapshot

November 1, 2018

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.

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