Peerless Systems Corp. swings to a profit in its FYQ2
Provider of advanced imaging and networking technologies Peerless Systems Corp. (Nasdaq: PRLS) reported after the closing bell that it swung to a profit in its 2008 fiscal second quarter.
For the three months ended July 31, the El Segundo, Calif.-based firm recorded net income of $1.2 million, or $0.07 per share, compared with a net loss of $0.3 million, or $0.02 per share, in the second quarter last year. The company reported a net loss of $0.8 million, or $0.05 per basic share, in this year's first quarter.
Second quarter revenues were $6.9 million, compared with $7.9 million in the second quarter a year ago.
Shares of Peerless edged up 0.11%, or $0.002, to $2.16 in after-hours trading.
