PORTLAND, Ore., Jan. 9, 2013 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (Nasdaq:SMIT) today announced its operating results for the three and six months ended November 30, 2012. Sales for the three months ended November 30, 2012 decreased $773,966, or 22.3%, to $2,702,259 compared to $3,476,225 for the same period last year. Sales for the six months ended November 30, 2012 decreased $564,786, or 8.1%, to $6,382,924 compared to $6,947,710 for the same period last year. Net loss for the second quarter ended November 30, 2012 was $104,604, or $.03 per diluted share, compared to net loss of $78,176, or $.03 per diluted share, for the same period last year. Net income for the six months ended November 30, 2012 was $15,544, or $.01 per diluted share, compared to net income of $58,852, or $.02 per diluted share, for the same period in the prior year.
Schmitt Industries Announces Second Quarter And Year To Date Fiscal 2013 Operating Results
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