said its loss for the second quarter totaled $2.7 million, or 19 cents a share, compared with net income of $10.2 million, or 70 cents a share, in the year-ago quarter. Analysts were expecting a loss of around 20 cents a share, according to Thomson Financial/First Call.

Sales for the quarter were $18.8 million, down sharply from last year's $58.4 million.

The circuit board manufacturer said the results were in line with previous guidance and reflect the continued impact of weaker market demand for its products.

Shares of Merix closed down $1.05 to $16.60 Tuesday on the Nasdaq.