Courier Reports Education Sales Up, Borders Fallout Induces Loss

Third-quarter revenues for the segment were $9.9 million, down 9 percent from $10.9 million in last year’s third quarter, with reduced sales to Borders accounting for more than two-thirds of the shortfall. The segment’s operating loss for the quarter was $1.2 million, vs. a loss of $0.4 million last year.