This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

P&F Industries Reports Results For The Three And Six-Month Periods Ended June 30, 2010

MELVILLE, N.Y., Aug. 12, 2010 (GLOBE NEWSWIRE) -- P&F Industries, Inc. (Nasdaq:PFIN) today announced its results of operations for the three and six-month periods ended June 30, 2010.

P&F Industries, Inc. reported revenue from continuing operations of $13,320,000 and $24,467,000, for the three and six-month periods ended June 30, 2010, respectively, compared to $14,073,000 and $26,294,000, for the same periods in 2009. For the three-month period ended June 30, 2010, the Company reported income after taxes from continuing operations of $269,000, compared to a loss after taxes from continuing operations of $71,000 during the three-month period ended June 30, 2009. For the six month period ended June 30, 2010, the Company reported a loss after taxes from continuing operations of $438,000, compared to an after tax loss from continuing operations of $410,000 in the same period a year ago. The Company noted that during the six-month period ended June 30, 2010 it incurred substantial legal and consulting fees primarily due to its efforts to resolve certain banking related issues, which aggregated approximately $555,000.

The Company reported basic and diluted earnings (loss) per common share of:

  For the three month period For the six month period
  ended June 30 ended June 30
  2010 2009 2010 2009
Basic and diluted  earnings (loss) per share        
Continuing operations $ 0.07 $ (0.02) $ (0.12) $ (0.11)
Discontinued operations (3.01) (0.14) (3.49) (0.21)
Net (loss) $ (2.94) $ (0.16) $ (3.61) $ (0.32)

Richard Horowitz, the Company's Chairman of the Board, Chief Executive Officer and President, stated, "The after tax profit from continuing operations we are reporting this quarter is due in large part to improved gross margins and the on-going cost reduction efforts put forth by P&F and its operating subsidiaries."

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To 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.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs