(Reuters) - Zoom Technologies
Net loss for the quarter was $2 million, compared with a net income of $5.1 million in the year-ago period.
Revenue for the company, which supplies to Samsung Electronics Co Ltd <005930.KS> and China Mobile Communications Corp
The company was also hurt by acquisition-related costs and increase in R&D expenditure.
Shares of the company were trading down 13 percent at $1.22 in aftermarket trade. They closed at $1.40 on Monday on the Nasdaq.
(Reporting by Chandni Doulatramani in Bangalore; Editing by Sriraj Kalluvila)


Comments