Dashboard for the Leading Network of Stock Market and Personal Finance Blogs

Visit Seeking Alpha

Disappointing Quarter for Hirsch International

Posted on May 16, 2008

Hirsch International Corp. (HRSH) is a seller of equipment and supportservices to the decorated apparel industry. Its main products are aline of embroidery machines supplied to it by Tajima Industries, Ltd.They range in price from $10,000 to $150,000 each.Hirsch International Corp. reported first quarter of 2008 (ending 3/31/2008) earnings on May 12. Q1-2008 Earnings RecapRevenues - $11.6 million (down 16.4% year over year)Gross margin - 33.8%EPS - ($0.07)Cash - $14.7 million ($ 2.5 million restricted)Cash per Share is $1.29 or $1.55 with restricted cash. No debt. Management Comments Results...

Original article link


earnings , economy , eps