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Summit Networks posts fiscal Q2 loss

Summit Networks Inc. said its normalized net income for the fiscal second quarter ended Jan. 31 was a loss of $840.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.3%.

Total revenue totaled $31,150, and total operating expenses came to $32,500.

Reported net income totaled a loss of $1,150, or a loss of 0 cents per share.