Fortune Industries Inc. today reported a second fiscal quarter loss of $2.8 million, an improvement from a $4.9 million loss a year earlier.
The Indianapolis holding company didn’t break out profits by operating segment for the quarter ended Feb. 29, but CEO John Fisbeck said the slowing economy hurt its human-resources arm.
Revenue in its wireless-infrastructure unit fell as the company downsized in order to focus on earnings.
In Fortune’s transportation-infrastructure division, specialty products brought a small lift.
In the ultraviolet-technologies unit, sales declined.
In its electronics-integration business, manufacturing problems and fewer television products caused revenue to drop.
Fortune stock this morning fell 34 cents per share, to $1.51.
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