Sign in with
Sign up | Sign in

Maxtor swings to loss for first quarter

By - Source: Tom's Hardware US | B 0 comment

The hard-drive maker posted revenue of $1.07 billion, up from $1.02 billion a year ago. But charges including $13.9 million for severance payments to laid-off workers in the U.S. and Singapore, and the termination of a product line, pushed the company to a loss of $24.2 million, or 10 cents a share. A year ago, Maxtor posted a profit of $8.9 million, or 3 cents a share.

Read the complete story . (TheStreet.com)

There are 0 Comments.
This thread is closed for comments