Tecumseh Products Shares Fall 3% on Wider Loss, Decline in Q1 Revenue

Tecumseh Products’ (TECU) share are down more than 3% after the A/C and refrigerator air compressor maker reported a wider loss for Q1, 2014. 

TECU reported a net loss of $11.1 million, or $0.60 per share for Q1, 2014, versus a loss of $8.4 million, or $0.45 per share for the same quarter last year. 

Revenue of $179.3 million fell from $207.6 million from Q1 2013. 

Earnings and revenue estimates were not available. 

Shares of TECU last traded at $5.91, near the low of its 52-week range of $5.43 to $12.23.