27 October 2005 – Lincoln (RI): AT Cross has posted a loss and a slight drop in sales in Q3.
On a reported basis, AT Cross posted a net loss of $1.0 million, or $0.07 a share, compared to a loss of $1.1 million, or EPS of $0.07, a year earlier.
Global writing instrument and accessory revenue was $24.6 million, down from $26.7 million the previous year. The company said approximately half of the decline in this segment was due to the timing of holiday orders from the office superstore channel in the US, which shifted into Q4 of this year compared to Q3 2004.
Total sales were $29.1 million compared to $30.1 million the year before.