ANAREN ANNOUNCES THIRD QUARTER EARNINGS
ANAREN ANNOUNCES THIRD QUARTER EARNINGS SYRACUSE, N.Y., May 7 /PRNewswire/ -- Anaren Microwave, Inc.
(NASDAQ: ANEN) has recorded sales of $8,007,241 and a net loss after taxes of $878,629 for the third quarter ended March 28, 1992. These figures compare to sales of $7,360,237 and income of $150,594 as reported for the comparable period of the prior fiscal year. The loss per share for the quarter ended March 28, 1992, was $.19 as compared to income per share of $.04 for the comparable quarter of the prior fiscal year.
For the three quarters ended March 28, 1992, sales totaled $23,140,110 for an 8 percent increase over sales of $21,488,966 at the nine months ended March 31, 1991. Net loss after taxes was $950,774 compared to net income of $395,870 for the comparable period of the previous year. On a per share basis, the net loss for the three quarter period ended March 28, 1992, was $.21 as compared to the net income per share of $.09 for the nine months ended March 31, 1991. Quarter Ended Three Quarters Ended 3/28/92 3/31/91 3/28/92 3/31/91 Sales $8,007,241 $7,360,237 $23,140,110 $21,488,966 Net income (loss) $( 878,629) $ 150,594 $( 950,774) $ 395,870 EPS $ (.19) $ .04 $ (.21) $ .09 Anaren Microwave, located in Syracuse, N.Y., designs and manufactures microwave components, assemblies and receiver systems for use in tactical electronics applications for defense of ships, aircraft and land vehicles. It is traded on the NASDAQ Over-The- County National Market under the symbol ANEN. -0- 5/7/92 /CONTACT: Michael Rowe of Anaren Microwave, 315-432-8994, or Anthony D'Angelo of Sage Marcom, Inc., 315-478-6612, for Anaren/ (ANEN) CO: Anaren Microwave, Inc. ST: New York IN: ARO SU: ERN
CG -- CL018 -- 7706 05/07/92 14:07 EDT
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|Date:||May 7, 1992|
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