Revenues during the period were $32.6 million, nearly 5 percent lower than the previous year’s $34.3 million. Earnings were $1.9 million or $0.06 per share, just half the earnings reported a year ago.
John Farahi, co-chairman and CEO, called the period a "challenging economic environment." He said the company had successfully increased its market share throughout the quarter but could not overcome the erosion the marketplace experienced.
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