Fourth Quarter Operating PerformanceNet sales were $87.8 million compared to $90.4 million in the prior-year quarter due to lower demand in the network and power segments and weakness in wireless products due to lower infrastructure antenna sales. Sequentially, consolidated net sales decreased 7.5 percent compared to third quarter net sales of $94.8 million due primarily to lower demand for network and power products across the industry late in the third quarter that carried over into the fourth quarter as well as typical seasonality and wireless smartphone demand weakness.
Pulse Electronics Corporation Reports Fourth Quarter Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts