Electronic Tele-Communications Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
August 11, 2017 at 08:34 pm IST
Share
Electronic Tele-Communications Inc. reported earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company's net sales were $141,813 compared to $190,733 a year ago. Earnings from operations were $7,185 compared to loss of $3,239 a year ago. Earnings before income taxes were $2,386 compared to loss of $8,211 a year ago. Net earnings was $2,386 or $0.00 per basic and diluted Class A and B share on compared to loss of $8,211 or $0.00 per basic and diluted Class A and B share a year ago.
For the six months, the company's net sales were $327,013 compared to $519,986 a year ago. Earnings from operations were $33,175 compared to $94,558 a year ago. Earnings before income taxes were $23,629 compared to $84,638 a year ago. Net earnings were $23,629 or $0.01 per basic and diluted Class A and B share on compared to $84,638 or $0.03 per basic and diluted Class A and B share a year ago.
Electronic Tele-Communications, Inc. designs, manufactures, and markets digital voice information systems and related services. Its equipment provides a range of audio and computer information and call handling capabilities via telephone networks, computer networks, and the Internet. Its digital voice information systems deliver network interoperability and various applications. Its applications include automatic callback, changed number with call completion, repeat dialing, and wake-up/reminder services enable providers to differentiate themselves from their competition. It offers a range of services, which include professional recording, turn-key installations, on-site trainings, and 24-hour technical support. It provides time weather temperature systems and related services. Its customers include independent telephone companies, long distance companies, wireless carriers, cable companies, utilities, telecommunications manufacturers, and other businesses and organizations.
ELECTRONIC TELE-COMMUNICATIONS, INC. 