RSS Taylor Devices Inc Q2 Profit Falls

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 RSS Taylor Devices Inc Q2 Profit Falls

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Taylor Devices Inc (TAYD) has reported a decline in profits for the second quarter compared to the same period the previous year.

The company posted a net income of $1.06 million, equivalent to $0.34 per share, which shows a decrease from last year’s figures of $1.98 million, or $0.56 per share, during the same quarter.

Revenue also saw a decline of 17.3%, dropping to $8.55 million from $10.34 million recorded in the previous year.

In summary, Taylor Devices Inc's quarterly earnings under Generally Accepted Accounting Principles (GAAP) are as follows:

- Earnings for Q2: $1.06 million, compared to $1.98 million last year.

- Earnings per Share (EPS) for Q2: $0.34, down from $0.56 last year.

- Revenue for Q2: $8.55 million, a decrease from $10.34 million last year.

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