Stingray Group Inc. Bottom Line Declines In Q1

(RTTNews) - Stingray Group Inc. (317A.F) revealed a profit for first quarter that Drops, from last year

The company's earnings totaled C$6.59 million, or C$0.10 per share. This compares with C$16.78 million, or C$0.24 per share, last year.

Excluding items, Stingray Group Inc. reported adjusted earnings of C$27.94 million or C$0.40 per share for the period.

The company's revenue for the period rose 65.2% to C$158.02 million from C$95.64 million last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.