TSR Inc. News Release (04/09/15)

TSR Inc. reported revenues of $14.2 million in the fiscal third quarter of 2015, up 17.2% from $12.2 million in the fiscal third quarter of 2014. The company reported a net loss of $85,000, compared with a net loss of $91,000 in the year-ago quarter.

Wall Street Journal (04/09/15) Kathleen Madigan

Sixty-two economists surveyed by the Wall Street Journal have forecast that the economy grew by 1.4% in the first quarter, down from the 3.0% pace forecast for the first quarter in January. They altered their forecast based on factors such as a strong dollar, the West Coast ports slowdown, and a rough winter in parts of the U.S. The economists anticipate gross domestic product will grow at an inflation-adjusted rate of 2.7% for all of 2015, a pace below the 3.0% pace projected at the start of 2015, but the downgrade reflects the lower estimates of first-quarter activity.

Bloomberg (04/09/15) Carlos Torres; Vince Golle

Sales of durable goods at U.S. wholesalers in January and February saw the biggest two-month decline since early 2009, according to the U.S. Department of Commerce. Demand has fallen, and stockpiles have accumulated. The inventory-to-sales ratio is near a six-year high. As a result, the nation’s manufacturers may see a downturn in production. The Institute for Supply Management’s factory index has declined for five consecutive months, falling to an almost two-year low in March.