CMS Enhancements Posts $5-Million Loss for Quarter

CMS Enhancements Inc., an Irvine computer products distributor, lost almost $5 million, or $1.07 a share, for the second fiscal quarter, when it took a restructuring charge of $5 million, the company said. For the corresponding period a year earlier, the company posted a profit of $61,000, or 2 cents a share. Sales for the quarter, which ended Dec. 31, were up 7%, to $20.3 million from $18.9 million. For the first six months, the company reported a loss of $4.9 million, or $1.24 a share. That contrasted with a profit of $112,000, or 4 cents a share, for the period a year earlier. Six-month sales were $39.8 million, up slightly from $39.5 million.