TORONTO -- SMTC today reported a 14% year-over-year drop in revenue, citing seasonality and severe winter weather affecting an industrial sector customer. The net loss for the March quarter was $1.1 million, an improvement over a $7.7 million loss in the fourth quarter but down from a profit of $1.17 million last year.
SAN MATEO, CA – Worldwide tablet plus 2-in-1 shipments were 50.4 million units in the first quarter of 2014, up 3.9% year-over-year, and down 35.7% sequentially, says IDC.
SAN JOSE – Flextronics reported fourth-quarter net sales were $6.7 billion, up 27% year-over-year, above previous guidance.
NEWARK, NY – Higher revenues helped lower the net loss at IEC Electronics, which reported second-quarter fiscal 2014 revenue of $34.8 million, up 3.3% year-over-year. The EMS firm posted a net loss of $569,000 for the period ended Mar. 28, compared to a net loss of $1.1 million in the same quarter last year.
HAWTHORNE, CA – OSI Systems reported fiscal third-quarter revenues ended Mar. 31 of $204 million, up 3% year-over-year.
BANNOCKBURN, IL — Total North American printed circuit board shipments increased 4.8% year-over-year in March, with year-to-date shipments down 0.8%, says IPC.