DRI Corporation (NASDAQ:TBUS), a digital communications technology leader in the global surface transportation and transit security markets, announced that it posted second quarter 2011 net sales of $20.3 million, up from first quarter's $19.1 million. Absent a special goodwill impairment charge, the adjusted net profit to common shareholders would have been $268 thousand, or 2 cents per diluted share. For the quarter ended June 30, 2011, the Company posted net sales of $20.3 million and a net loss to common shareholders of $9.6 million, or 81 cents per diluted share. This compares to net sales of $25.6 million and a net profit to common shareholders of $763 thousand, or 6 cents per share, for the same period last year.
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August 30th, 2011 at 10:43 am