Technology
Key Tronic (KTCC) sank 12% late Tuesday after the contract electronics manufacturer posted a fourth-quarter sales drop.
The Spokane, Wash., company made $7.1 million, or 71 cents a share, for the quarter ended July 1, up from the year-ago $2.8 million, or 28 cents a share. Latest-quarter earnings were boosted by a $5 million tax benefit. Sales fell to $52.5 million from $53.2 million a year earlier. The company said it expects to make 12 to 16 cents a share for the fiscal first quarter on sales of $50 million to $53 million. It also expects a $500,000 charge on due diligence and related expenses incurred in connection with a potential acquisition that the company decided not to complete. Shares sank 79 cents late Tuesday to $6.02.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,435.57 | 1,318.31 | 2,830.09 | 15.81 |
Oil *
101.98
|
|
UP
15.71 |
UP
4.99 |
DOWN
7.27 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.83
|
|
+0.13%
|
+0.38%
|
-0.26%
|
-2.71%
|
Data delayed 20 minutes |
Connect with TheStreet