Security systems maker Federal Signal Corp posted quarterly results that missed Wall Street estimates, hurt by a drop in sales at its Fire Rescue segment, and said its near-term expectations have been tempered by economic conditions in Europe.
For the second quarter, the company reported a net loss of $0.4 million, or 1 cent a share, compared with $4.9 million, or 10 cents a share, a year ago.
Excluding items, the diversified manufacturer posted earnings of 6 cents a share from continuing operations.
For the quarter, revenue rose to $198.7 million from $198.5 million, but sales at its Fire Rescue division fell 29 percent to $29.6 million.
Analysts on average were expecting the company to earn 9 cents a share, before special items, on revenue of $203.3 million, according to Thomson Reuters I/B/E/S.
In the quarter, the company recognized a $3.7 million restructuring charge, partly due to the establishment of a new operating group, Federal Signal Technologies.
Shares of the Oak Brook, Illinois-based company were trading down 4 percent before the bell at $6.60 Friday. They closed at $6.89 Thursday on the New York Stock Exchange.
