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Earnings Roundup: Qualstar, Trio-Tech

Qualstar Corp. missed analyst earnings’ estimates in the third quarter. The Simi Valley maker of magnetic data-storage tape and power-supply systems reported a net loss of $3.3 million (27 cents a share) for the quarter ended March 31, compared with a net loss of $553,000 (5 cents) in the same period a year earlier. Revenue decreased 36 percent to $3 million. Analysts on average had expected a loss of 9 cents on revenue of $3.82 million, according to Thomson Financial Network. Shares in Qualstar closed up 5 cents, or 2.5 percent, to $2.03 on the Nasdaq. Delays in shipments of semiconductor testing equipment contributed to mixed results in the fiscal third quarter for Trio-Tech International Inc. The Van Nuys semiconductor testing and services firm reported a net loss of $543,000 (16 cents a share) for the quarter ended March 31, compared with a net loss of $518,000 (16 cents) in the same period a year earlier. Revenue decreased 13 percent to $6.5 million. Shares lost 11 cents, or about 5 percent, to close at $2.12 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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