09:40 AM EST - Mad Catz Interactive, Inc. : reported a loss in the third quarter, hurt by goodwill impairment charges and increased inventory reserves, amid prevailing uncertainty in the economy as well as the retail industry. The San Diego, California-based company's net loss for the quarter was $26.91 million U.S., or $0.49 per share U.S., compared to net income of $3.31 million U.S., or $0.06 per share U.S., in the year-ago quarter. Adjusted net income for the third quarter declined to $2.06 million U.S., or $0.04 U.S. per share, from $3.65 million U.S., or $0.06 U.S. per share, in the prior year. Quarterly gross profit decreased to $10.55 million U.S. from $12.66 million U.S. a year ago. Mad Catz Interactive, Inc.
shares T.MCZ are trading down $0.18 at $0.30.
