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KOSS CORP Q3 LOSS PER SHARE $0.15


Thursday, 11 May 2017 05:15pm EDT 

May 11 (Reuters) - Koss Corp ::KOSS CORP RELEASES THIRD QUARTER RESULTS.Q3 LOSS PER SHARE $0.15.Q3 SALES FELL 20.5 PERCENT TO $4.774 MILLION.KOSS -SALES WERE WEAK IN QUARTER WITH CONTINUED DECREASE IN ORDERS FROM DISTRIBUTORS IN ASIA AND SCANDINAVIA AS WELL AS LOWER DEMAND FOR OEM PRODUCTS IN ASIA.KOSS CORP SAYS FOR QUARTER, LOWER ORDER VOLUME DRIVEN BY DISTRIBUTORS WORKING OFF INVENTORY LEVELS AS WELL AS CONTINUED STRENGTH OF DOLLAR.KOSS CORP SAYS QUARTERLY EARNINGS NEGATIVELY IMPACTED BY LOW EXPORT SALES AND CHARGE TO EARNINGS TO WRITE DOWN INVENTORY VALUE ON A GROUP OF PRODUCTS. 

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