Sapir Corp. posts $7M loss in first quarter of 2019

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Santa Clara-based RasterOps Corp warns that sales for fiscal 1994’s first quarter ended September 30 were off by 15% to 20% compared with fiscal 1993’s first quarter, and it expects a.

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SMP Posts Gains In Q1 Sales, Earnings. For the first quarter of 2019, Standard Motor Products’ (SMP) net earnings rose 52.9% to $12.22 million. Excluding non-operational gains and losses, earnings from continuing operations came in at $13.10 million – up 24.4% from $10.53 million a year ago.

Net loss attributable to the company widened to $61.7 million, or 91 cents per share, in the quarter, from $39.6 million, or 59 cents per share, a year earlier. Excluding charges on taxes and asset impairment, the company lost 71 cents per share, missing the analysts’ average estimate by a cent.

A first-quarter net loss of $32.6 million by Boyd Gaming Corp. didn’t surprise Wall Street. Analysts expected a sour quarter as the company faced a slowing national economy.

By LOU WILINSTAFF WRITERWeaker-than-expected gasoline profits and higher nonoperating costs drove a $7 million loss last quarter for marathon petroleum corp., the company reported Wednesday.

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The division made a $49m pre-tax loss in last year’s third quarter. Canada Post said its results could have been worse, had it not been for the temporary boost to volumes and revenues as it dealt with the backlog of mail from the summer’s work stoppages. Operational revenues in the quarter grew 2% year-on-year to $1.4m.

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OTTAWA – The Canada Post Group of Companies reported Wednesday a loss in its latest quarter, driven by increased labour costs at its Purolator courier business and employee benefit costs at Canada.