Sparton Q2 Profit Declines

(RTTNews) - Sparton Corporation (SPA) reported second-quarter net income of $3.5 million or $0.34 per share, compared to the net loss of $4.8 million or $0.47 per share in the year-ago quarter.

Excluding items, adjusted net income for the quarter was $3.6 million or $0.35 per share, compared to $3.2 million or $0.31 per share in the year-ago period.

Net sales for the latest quarter rose to $84.56 million from $67.25 million last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.30 per share on revenues of $78.07 million for the quarter. Analysts' estimates typically exclude special items.