Schmitt Industries down on Q4 profit decline
Shares of balance equipment maker Schmitt Industries Inc. (Nasdaq: SMIT) are lower following news of a decline in fourth-quarter profit.
The net income for the three months ended May 31 was $0.36 million, or $0.13 per share, compared with a net income of $0.51 million, or $0.19 per share, a year earlier.
The net income for the three months ended May 31 was $0.36 million, or $0.13 per share, compared with a net income of $0.51 million, or $0.19 per share, a year earlier.
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