Network Computing Devices posts loss in 2Q

Network Computing Devices posted a second-quarter loss of $7.6 million, or 46 cents a share, on sales of $13.2 million.

There was no First Call Corp. consensus estimate for NCDI this quarter.

In the year-ago quarter, Network Computing Devices (Nasdaq: NCDI) lost $1.8 million, or 11 cents a share, on sales of $27.9 million.

"Sales in the second quarter were basically flat from the first quarter, and we have significantly adjusted our costs to improve both margins and operating results as the year progresses, even if revenues do not rebound significantly," said CEO Rudolph Morin in a prepared release.

Last quarter, NCDI posted a loss of $1 a share.

Its shares closed off 1/32 to 1 1/16 ahead of the earnings report.

The stock peaked at 9 5/8 in December before falling to a low of 1 in July.>