UPDATE: UTi Worldwide Reports Wider-Than-Expected Q4 Loss
UTi Worldwide (NASDAQ: UTIW) reported a wider-than-expected fourth-quarter loss.
UTi Worldwide posted a quarterly net loss of $50.7 million, or $0.48 per share, versus a year-ago loss of $142.8 million, or $1.38 per share. Excluding items, UTi lost $0.15 per share.
Its revenue slipped 2.1% to $1.08 billion. However, analysts were estimating a loss of $0.11 per share on revenue of $1.09 billion.
UTi Worldwide shares closed at $11.26 on Friday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.