Cobra Electronics (COBR -17.7%) slides double-digits after reporting a Q2 net loss of $0.29/...

|About: Cobra Electronics Corporation (COBR)|By:, SA News Editor

Cobra Electronics (COBR -17.7%) slides double-digits after reporting a Q2 net loss of $0.29/ share on $25.6M in revenue, down 12% Y/Y. Gross margin falls 440 bps. Although the company is "implementing several actions in H2 … aimed at significantly improving … financial performance," management still expects "a lower level of operating income in 2013 as compared to 2012." (PR)