Schmitt Industries down 8% post Q3 results [Seeking Alpha]
Schmitt Industries, Inc. (SMIT)
US:NASDAQ Investor Relations:
investor.schmitt-ind.com/investor-relations
Company Research
Source: Seeking Alpha
Schmitt Industries down 8% post Q3 resultsSchmitt Industries (SMIT-8.5%) reported Q3 revenue of $3.24M (+1.2% Y/Y). Segment sales: Balancer 15.6% Y/Y to $2.14M and Measurement -18.4% Y/Y to $1.1M.Q3 gross marginincreased by 287 bps to 40.8%.Overall operating marginimproved by 185 bps to -1.23%.Q3 Expenses: Operating +3.8% Y/Y to $1.36M; GA&S +1.8% Y/Y to $1.28M.Previously:Schmitt Industries reports Q3 results (April 6)See all stocks on the move »Now read:Consumer - Top Gainers / Losers as of 12:00 PM (04/09/2018) »
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