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.