VOXX Int'l (VOXX) Misses Q1 EPS by 6c
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VOXX International Corporation Reports Its Fiscal 2018 First Quarter Financial Results
July 10, 2017 4:01 PM EDTHAUPPAUGE, N.Y., July 10, 2017 /PRNewswire/ --Â VOXX International Corporation (NASDAQ: VOXX), today announced financial results for its Fiscal 2018 first quarter ended May 31, 2017.
Commenting on the Company's first quarter performance, Pat Lavelle, President and CEO stated, "Led by a 17.4% increase in Premium Audio sales, we posted modest top-line growth. However, gross margins came in lower in this segment, as we had several promotions to clear inventory with a number of new product launches planned. We expect margins to improve in the second quarter and return to normal throughout the year. New products... More
