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Quarterhill Second-Quarter Net Income Per Share Unchanged

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Quarterhill (QTRH.TO) said Thursday its second-quarter adjusted net income was unchanged year over year at $0.01 per share.

Analysts polled by FactSet had forecast a loss of $0.01 per share.

The company, which provides highway tolling systems internationally, said revenue edged down to $42.5 million, from $43.1 million in the year-ago period, and missed the $43.2 million expected. The slight decrease e was primarily due to lower tolling project activity, Quarterhill said.

Shares were last seen down C$0.12, or 3.7%, to C$3.10 on the Toronto Stock Exchange.

Price: $3.10, Change: $-0.12, Percent Change: -3.73%

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