Virco Announces Third Quarter EPS of $0.01

Virco Mfg. Corporation VIRC today announced third quarter results: For the three months of August through October revenue was $60,779,000 compared to $62,920,000 in the same period last year, a decline of 3.4%. Lower prices in response to a highly competitive environment reduced gross profit in the three months ended October 31, 2010 to $17,193,000 from $21,045,000 in the corresponding period last year, a decline of 18.3%. Revenue for the nine months ended October 31, 2010 was $158,002,000 versus $164,592,000 in the corresponding period last year, a decline of 4%. Gross profit for the nine months ended October 31, 2010 was $46,436,000 versus $55,121,000 in the corresponding period last year, a decline of 15.8%. EPS $0.01