Bang & Olufsen Posts Q2 Net Loss

Bang & Olufsen BGOUF posted a net loss for the second quarter. Bang & Olufsen posted a quarterly net loss of 72 million Danish kroner ($11.2 million), versus a year-ago profit of DKK8 million. Its revenue slipped to DKK759 million from DKK822 million. The company reported an operating loss of DKK95 million, versus an operating profit of DKK31 million.