GenCorp Inc., which makes components and systems for the automotive and aerospace industries, posted a quarterly loss due to lower results in its GDX Automotive unit and non-cash expenses of $US14 million from its employee retirement plan.
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According to Reuters, for the fiscal first quarter ended February 29, the Sacramento, California, company posted a net loss of $19 million, or 43 cents per share, including special items after reporting a profit of $3 million, or 7 cents a share, a year earlier. Sales climbed to $308 million from $271 million last year.
