Scientific-Atlanta, which recently laid off hundreds of workers in Mexico, reported a sharp decrease in sales and earnings through its most recent quarter.
However, the company, which manufacturers a variety of equipment for the digital and cable TV industries, said earnings and revenues were up from the previous quarter.
Scientific-Atlanta (NYSE: SFA) recorded $15.1 million in earnings, or 10 cents per share, on sales of $352 million. Sales dropped $66.2 million, or 16 percent, from the previous year. Earnings declined $24 million.
But the second quarter figures represented increases of 13 percent (sales) and 38 percent (earnings) over the previous quarter, the company said.