Zenith Electronics Corp. reported a third-quarter loss of $69.2 million, or $1.04 per share, due in part to charges of $37 million, or 55 cents per share, for bad debts, inventory revaluation and the phaseout of its printed circuit-board business. Before the charges, Zenith lost $32.2 million, or 49 cents per share. Zenith lost $40.2 million, or 61 cents per share, a year earlier.
The Glenview-based manufacturer of TV sets and other consumer electronics said revenues fell 11 percent, to $304.5 million from $340.8 million.
For the nine months, Zenith reported a loss of $143.7 million, or $2.16 per share, a deterioration from a loss of $108.7 million, or $1.67 per share, a year earlier. Revenue fell 4 percent, to $825.4 million from $860.3 million.
