Boston Acoustics reports increases in first quarter sales and earnings.LYNNFIELD Lynnfield, town (1990 pop. 11,274), Essex co., NE Mass.; inc. 1814. Primarily residential, Lynnfield is an important suburb of Boston. , Mass.--(BUSINESS WIRE)--July 10, 1995--Boston Acoustics acoustics (ək  `stĭks) [Gr.,=the facts about hearing], the science of sound, including its production, propagation, and effects. Inc. (NASDAQ NASDAQin full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BOSA) today reported an 18 percent increase in earnings on a 16 percent increase in sales for the quarter ended June 24, 1995. Earnings per share gained 17 percent from $.29 to $.34.
Three Months Ended
June 24, 1995 June 25, 1994
Net Sales $9,861,841 $8,531,296 Net Income $1,463,993 $1,242,151 Earnings per Share $.34 $.29 Weighted Average Number of Common Shares Outstanding 4,325,061 4,288,396 CONTACT: Boston Acoustics Founded in 1979, Boston Acoustics is a high end manufacturer of home and mobile audio equipment operated out of Peabody, Massachusetts. Boston produces speakers for the home and cars. Inc. Debra Ricker-Rosato, 617/592-9000, x248 |
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