Black Diamond reports 2Q loss but sees sales rise
The Salt Lake Tribune
First Published Aug 05 2013 03:28 pm • Last Updated Aug 05 2013 03:28 pm
Outdoor sports equipment maker Black Diamond on Monday posted a bigger second-quarter loss than last year although sales rose 22 percent.
The company blamed non-cash items for the loss of $2.3 million, or 7 cents per share.
Salt Lake City-based Black Diamond lost $1.9 million, or 6 cents per share, in the same quarter of 2012. Sales increased to $38.9 million from $31.9 million last year. Black Diamond attributed the increase to its acquisition of POC Sweden last month.
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