Synthetic gem builder Charles & Colvard continues to struggle, but the ultimate quarterly formula showed signs of improvement.
The Morrisville manufacturer of moissanite on Thursday reported a fourth-quarter loss of $440,000, or 2 cents per share, contra a loss of $1.3 million a year ago.
Sales for the fourth entertain totaled $2.4 million. That was a 33 percent decrease from a year ago, but sales were 10 percent higher than in the third quarter.
The bum economy has vexed direct for jewelry. But the fourth-quarter loss was the companys smallest in 2009, and the association generated certain money upsurge from operations in the quarter.
Charles & Colvard shares, that rebounded to on top of $1 last fall, fell 10 cents to close at $1.32 on Thursday.
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