Janel Corporation Reports Earnings Results for the Second Quarter Ended March 31, 2020
May 12, 2020 at 06:05 am EDT
Janel Corporation announced earnings results for the second quarter ended March 31, 2020. For the second quarter, the company announced sales was USD 19.121 million compared to USD 20.969 million a year ago. Operating loss was USD 831,000 compared to operating Income of USD 442,000 a year ago. Net loss was USD 937,000 compared to net income of USD 175,000 a year ago. Basic loss per share from continuing operations was USD 1.29 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 1.29 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago. For the half year, sales was USD 38.942 million compared to USD 43.296 million a year ago. Operating loss was USD 872,000 compared to operating Income of USD 1.332 million a year ago. Net loss was USD 1.057 million compared to net income of USD 719,000 a year ago. Basic loss per share from continuing operations was USD 1.6 compared to basic earnings per share from continuing operations of USD 0.53 a year ago. Diluted loss per share from continuing operations was USD 1.6 compared to diluted earnings per share from continuing operations of USD 0.48 a year ago.