Schmitt Industries, Inc. (SMIT) Reports Q1 Loss Per Share of $0.07
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Schmitt Industries Announces First Quarter Fiscal 2016 Operating Results
October 2, 2015 4:15 PM EDTPORTLAND, Ore., Oct. 2, 2015 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) today announced its operating results for the quarter ended August 31, 2015. For the three months ended August 31, 2015, total sales increased $55,096, or 1.8%, to $3,104,384 from $3,049,288 for the three months ended August 31, 2014. Net loss was $195,062, or $(0.07) per fully diluted share, for the three months ended August 31, 2015 as compared to net income of $51,783, or $0.02 per fully diluted share, for the three months ended August 31, 2014.
Balancer segment sales focus throughout the world on end-users, rebuilders and original equipment manufacturers of grinding machines with the target geographic markets... More
