Charles & Colvard Reports Fiscal Second Quarter 2006 Financial Results.

Business WireJuly 18, 2006

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Charles & Colvard Reports Fiscal Second Quarter 2006 Financial Results.

MORRISVILLE, N.C. -- Charles & Colvard, Ltd., (NASDAQ: CTHR), the sole source of moissanite, a created jewel available for use in fine jewelry, today reported second quarter 2006 operating results.

For the three months ended June 30, 2006, the Company reported net sales of $8.5 million compared to $9.3 million in the second quarter of 2005. This year-over-year decrease was primarily the result of a difficult anniversary with the year-ago quarter, in which a large order was shippe...

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