Published on 15 Apr 2024 on Zacks via Yahoo Finance
Virco (VIRC) Reports Loss for Q4 Despite Higher Net Revenues
Virco Mfg. Corporation VIRC reported fourth-quarter fiscal 2024 (ended Jan 31) results, with net revenues surpassing the Zacks Consensus Estimate. Following the results, VIRC's shares gained 6.5% during the trading session on Apr 12.Demand for VIRC’s PlanSCAPE project-management services continued to grow, along with more traditional full-service delivery and installation.This leading manufacturer and supplier of moveable furniture and equipment for educational environments reported a loss in the fiscal fourth quarter.
Quarter in Detail
Virco reported a loss of 14 cents per share against the year-ago earnings of 26 cents per share. The Zacks Consensus Estimate was pegged at a loss of 13 cents per share.