February 7, 2017 / 9:47 PM / 6 months ago

BRIEF-Powell Industries announces fiscal 2017 Q1 results

Feb 7 (Reuters) - Powell Industries Inc

* Powell Industries announces fiscal 2017 first quarter results

* Q1 loss per share $0.03

* Q1 revenue $110.3 million versus I/B/E/S view $114.2 million

* Q1 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S

* New orders placed during Q1 of fiscal 2017 totaled $91 million compared to $111 million in Q4 of fiscal 2016

* Backlog as of December 31, 2016 was $271 million compared to $291 million as of September 30, 2016

* Q2 2017 revenue is not likely to improve sequentially from Q1

* Continues to expect to report a net loss in fiscal 2017 Source text for Eikon: Further company coverage:

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