May 11, 2017 / 9:23 PM / 4 months ago

BRIEF-KOSS CORP Q3 LOSS PER SHARE $0.15

May 11 (Reuters) - Koss Corp:

* KOSS CORP RELEASES THIRD QUARTER RESULTS

* Q3 LOSS PER SHARE $0.15

* Q3 SALES FELL 20.5 PERCENT TO $4.774 MILLION

* KOSS -SALES WERE WEAK IN QUARTER WITH CONTINUED DECREASE IN ORDERS FROM DISTRIBUTORS IN ASIA AND SCANDINAVIA AS WELL AS LOWER DEMAND FOR OEM PRODUCTS IN ASIA

* KOSS CORP SAYS FOR QUARTER, LOWER ORDER VOLUME DRIVEN BY DISTRIBUTORS WORKING OFF INVENTORY LEVELS AS WELL AS CONTINUED STRENGTH OF DOLLAR

* KOSS CORP SAYS QUARTERLY EARNINGS NEGATIVELY IMPACTED BY LOW EXPORT SALES AND CHARGE TO EARNINGS TO WRITE DOWN INVENTORY VALUE ON A GROUP OF PRODUCTS Source text for Eikon: Further company coverage:

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