VOXX International Corporation Profit Rises 467% In Q2

(RTTNews) - VOXX International Corporation (VOXX) announced earnings for its second quarter that rose from last year.

The company said its bottom line came in at $17.11 million, or $0.71 per share. This was higher than $3.02 million, or $0.12 per share, in last year's second quarter.

Analysts had expected the company to earn -$0.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.1% to $113.47 million. This was down from $118.33 million last year.

VOXX International Corporation earnings at a glance:

-Earnings (Q2): $17.11 Mln. vs. $3.02 Mln. last year. -Earnings Growth (Y-o-Y): 466.6% -EPS (Q2): $0.71 vs. $0.12 last year. -EPS Growth (Y-o-Y): 491.7% -Analysts Estimate: -$0.01 -Revenue (Q2): $113.47 Mln vs. $118.33 Mln last year. -Revenue Change (Y-o-Y): -4.1%