UPDATE: UTi Worldwide Posts Q1 Loss

UTi Worldwide

posted a loss in the fiscal first quarter. UTi Worldwide posted a quarterly loss of $12.4 million, or $0.12 per share, versus a year-ago profit of $12.9 million, or $0.12 per share. Excluding one-time items, the company's adjusted loss came in at $0.02 per share. Its revenue fell 7.5% to $1.08 billion. However, analysts were expecting earnings of $0.03 per share on revenue of $1.04 billion. UTi Worldwide's operating margin narrowed to 0.4% from 2%. UTi Worldwide shares closed at $15.00 yesterday.