UPDATE: UTi Worldwide Posts Q1 Loss
UTi Worldwide (NASDAQ: UTIW) 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.
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