Horizon Global: 2Q Earnings Snapshot
TROY, Mich. (AP) _ Horizon Global Corp. (HZN) on Tuesday reported a second-quarter loss of $66.9 million, after reporting a profit in the same period a year earlier.
The Troy, Michigan-based company said it had a loss of $2.68 per share. Earnings, adjusted for one-time gains and costs, were 36 cents per share.
The towing and trailering equipment maker posted revenue of $233.3 million in the period.
Horizon Global shares have declined 50 percent since the beginning of the year. The stock has dropped 62 percent in the last 12 months.