TUALATIN, Ore. (AP) _ CUI Global Inc. (CUI) on Thursday reported a loss of $1.9 million in its third quarter.
On a per-share basis, the Tualatin, Oregon-based company said it had a loss of 9 cents. Losses, adjusted for amortization costs and non-recurring costs, came to 7 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 7 cents per share.
The electronics company posted revenue of $21.8 million in the period.
The company's shares closed at $2.80. A year ago, they were trading at $4.77.