On Air Now

Current Show

Free Talk Live   9:00 PM - 12:00 AM

Call Free Talk Live now at 1-855-450-FREE

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
68° Feels Like: 68°
Wind: WSW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Mostly Clear 60°

Tomorrow

Scattered Thunderstorms 82°

Sat Night

Isolated Thunderstorms 59°

Alerts

Zoom Technologies posts fourth-quarter loss

(Reuters) - Zoom Technologies posted a fourth-quarter loss, hurt mainly by less profitable manufacturing contracts, sending the Chinese mobile company's shares down 13 percent in aftermarket trade.

Net loss for the quarter was $2 million, compared with a net income of $5.1 million in the year-ago period.

Revenue for the company, which supplies to Samsung Electronics Co Ltd <005930.KS> and China Mobile Communications Corp , rose 60 percent to $139 million.

The company was also hurt by acquisition-related costs and increase in R&D expenditure.

Shares of the company were trading down 13 percent at $1.22 in aftermarket trade. They closed at $1.40 on Monday on the Nasdaq.

(Reporting by Chandni Doulatramani in Bangalore; Editing by Sriraj Kalluvila)

Comments