Friday, May 06, 2016
Current Weather
Loading Current Weather....
Published: Friday, 6/1/2007

Ohio Art reports bigger loss, lower revenues for quarter

BRYAN - Northwest Ohio's biggest toymaker, Ohio Art Co., reported yesterday that it had a financial loss twice the size of that a year ago and lower revenues for its fiscal quarter ending April 30.

The firm that makes Etch A Sketch and other toys said weakened demand for toys overseas and flat demand in the United States helped produce a loss of $1.1 million, or $1.26 a share, for the quarter, up from a loss of $523,000, or 60 cents a share, a year ago. Each division reported bigger operating losses, the Bryan company said.

Its sales were $3.1 million for the quarter, down from $3.37 million for the period a year ago.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.