Audiovox swings to loss

July 2008
Long Island Business News (7/1993 to 5/2009);7/18/2008, Vol. 55 Issue 35, p12A
The article outlines the financial performance of Audiovox Corp. in Long Island, New York. It experienced a financial loss, for the three months ended May 31, 2008 wherein it posted a loss of $5.2 million or 23 cents per share, compared with a profit of $2.2 million or 10 cents per share, for the same quarter in 2008. Such results are attributed to highly competitive market that resulted in lower average selling prices, thus prompting it to exit its portable navigation business.


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