Tustin-based Cherokee International Corp., a maker of power supplies for manufacturers, said it narrowed its loss in the third quarter.
Cherokee, which has been working on a turnaround, said it lost $1.4 million in the quarter, vs. a loss of $2.2 million a year earlier.
The latest loss includes $800,000 in costs related to Cherokee’s closing of its Guadalajara plant and a move of production to China.
The loss was better than Wall Street had expected.
The results were helped by higher sales, which rose 25% to $33.1 million. Cherokee said it sold more power supplies to customers in the telecommunications, medical and other sectors.
