AP NEWS

Horizon Global: 2Q Earnings Snapshot

August 7, 2018

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HZN at https://www.zacks.com/ap/HZN

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