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VIDEO DISPLAY CORPORATION REPORTS FIRST QUARTER EARNINGS

 ATLANTA, July 15 /PRNewswire/ -- Video Display Corporation (NASDAQ: VIDE), a leading international manufacturer and distributor of CRTs and consumer electronics parts and accessories, announced first quarter sales and net income.
 Consolidated net sales for the three months ended May 31, were $14,667,000, an 8 percent decrease vs. $15,901,000 for the same period a year ago. Data Display CRT net sales, primarily generated in its Atlanta-based plants, increased 12 percent to $4.5 million.
 Net income was $314,000, or $0.08 per share, for the quarter ended May 31, as compared to $612,000, or $0.15 per share, for the quarter ended May 31, 1992.
 Atlanta-based Video Display Corporation, with CRT remanufacturing and component parts distribution facilities in 11 U.S. states, Mexico, United Kingdom and India, is the world's leader in its industry.
 VIDEO DISPLAY CORPORATION
 3 mos. ended 5/31/93 5/31/92
 Net sales $14,667,000 $15,901,000
 Operating profit 858,000 1,323,000
 Net income 314,000 612,000
 Earnings per share $0.08 $0.15
 Weighted average shares outstanding 4,125,000 4,134,000
 Note: Results are unaudited and subject to adjustment.
 -0- 7/15/93
 /CONTACT: Ronald D. Ordway, chairman and chief executive of Video Display Corporation, 404-938-2080/
 (VIDE)


CO: Video Display Corporation ST: Georgia IN: CPR SU: ERN

BR-BN -- AT019 -- 2205 07/15/93 16:58 EDT
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Publication:PR Newswire
Date:Jul 15, 1993
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