Frequency Electronics: Fiscal 1Q Earnings Snapshot
MITCHEL FIELD, N.Y. (AP) _ Frequency Electronics Inc. (FEIM) on Thursday reported fiscal first-quarter net income of $31,000, after reporting a loss in the same period a year earlier.
The Mitchel Field, New York-based company said it had profit of less than 1 cent on a per-share basis.
The maker of precision timing products posted revenue of $11 million in the period.
Frequency Electronics shares have declined 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.95, a fall of slightly more than 6 percent in the last 12 months.