Earnings triple at Wyle Laboratories.Earnings triple at Wyle Laboratories Wyle Laboratories, Inc. is a privately held provider of specialized engineering, scientific and technical services to the Department of Defense, NASA, and a variety of commercial customers primarily in the aerospace industry. Wyle Laboratories of El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , an aerospace contractor founded 40 years ago that diversified diversified (di·verˑ·s into commercial electronics, reported earnings nearly tripled during the first quarter. For the quarter ended April 30, the company earned $2.98 million, or 30 cents a share, on revenues of $108.7 million vs. $1.06 million, or 10 cents a share, on revenues of $102.6 million a year earlier. The company attributed the growth in profitability to its electronics marketing group whose customized semiconductors business was very strong. A new sector, kitting, or grouping electronic components in order of assembly, saw a record level of orders, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Charles M. Clough n. 1. A cleft in a hill; a ravine; a narrow valley. 2. A sluice used in returning water to a channel after depositing its sediment on the flooded land. 1. (Com.) An allowance in weighing. See Cloff. , president and chief executive officer. Total sales of the electronics group increased to $85.3 million and its pre-tax income more than doubled to $5.6 million. Wyle stock closed near $14 last week, approaching its 52-week high of $14.625 and far above its low of $7.75. |
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