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GlassBridge posts 3Q profit

November 14, 2017
Associated Press

OAKDALE, Minn. (AP) _ GlassBridge Enterprises Inc. (GLAE) on Tuesday reported third-quarter net income of $8 million, after reporting a loss in the same period a year earlier.

The Oakdale, Minnesota-based company said it had profit of $1.60 per share. Earnings, adjusted to account for discontinued operations, came to 6 cents per share.

The storage and data security company posted revenue of $9.3 million in the period.

The company's shares closed at $1.35. A year ago, they were trading at $7.06.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLAE at https://www.zacks.com/ap/GLAE

 
 

 

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