Cerplex Group Inc.: The Tustin outsourcing services...

Cerplex Group Inc.: The Tustin outsourcing services company reported it narrowed its losses in the third quarter on higher sales. Cerplex lost $12.9 million, or 96 cents a share, compared with losses of $25 million, or $1.91 a share, for the third quarter last year. Revenue rose nearly 43% to $50.6 million from $35.4 million. The company said it incurred higher interest expenses, as well as restructuring charges from closing unprofitable operations and businesses.

For the first nine months, Cerplex lost $13.8 million, or $1.04 per share, compared with losses of $23.9 million, or $1.83 a share, a year ago. Revenue rose 40% to $142.8 million from $101.9 million.