Northern Technologies International (NTIC) reported fiscal Q1 adjusted earnings late Wednesday of $0.07 per diluted share, down from $0.10 a year earlier.

An analyst expected $0.12 a share in a FactSet poll.

Net sales for the quarter ended Nov. 30 were $21.3 million, compared with $20.2 million a year earlier.

An analyst expected $21 million in a FactSet survey.

Shares of Northern Technologies International were down 1.7% in after-hours activity.