Aerosonic Announces First Quarter Profits.CLEARWATER Clearwater, city, United States Clearwater, residential and resort city (1990 pop. 98,784), seat of Pinellas co., W central Fla., on the Pinellas peninsula, between Clearwater Bay and the Gulf of Mexico; inc. 1891. , Fla.--(BUSINESS WIRE)--June 15, 1998--Aerosonic Corp. (AMEX AMEX See: American Stock Exchange :AIM) Monday Monday: see week. reports a profit before tax of $442,000, or $0.11 per share for the first quarter ended April 30, 1998, as compared to a profit before tax of $425,000, or $0.11 per share for the same period in the prior fiscal year. Net income was $283,000, or $0.07 per share, for the first quarter versus a net income of $278,000, or $0.07 per share, for the same period in the prior fiscal year. -0-
Three Months Ended
April 30
1998 1997
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Net Sales $ 5,328,000 $ 5,327,000
Gross Profit $ 2,037,000 $ 1,862,000
Income (Loss) Before Taxes $ 442,000 $ 425,000
Benefit (Provision) For Income
Taxes $ (159,000) $ (147,000)
Net Income/(Loss) $ 283,000 $ 278,000
Net Income/(Loss) Per Share $ 0.07 $ 0.07
Weighted Average Number of
Shares and Common Shares
Equivalents 3,939,000 3,816,000
CONTACT: Aerosonic Corp., Clearwater J. Mervyn Nabors, 813/461-3000 (Fax) 813/447-5926 |
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