Key facts
- Virco reported a first-quarter loss.
- Virco's revenue fell short of projections.
- Earnings missed estimates by $0.21.
- Demand for school furniture slowed.
- Orders from educational institutions decreased.
Virco Manufacturing Corporation reported a loss for its first quarter, with earnings missing estimates by $0.21 per share. The company's revenue also fell short of projections. Virco attributed these results to a slowdown in demand for school furniture and a decrease in orders received from educational institutions during the reporting period. The company filed its Form 10-Q for the period ending June 3.