Communications Systems (JCS) Reports Year-Over-Year Decline in Q3 Earnings
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Communications Systems, Inc. (Nasdaq: JCS) reports Q3 EPS of $0.22 compared to $0.32 for the same period last year. Revenue was $28,107,000 compared to $32,683,000 for the same period in 2008.
For the nine months ended September 30, 2009, consolidated sales decreased 11% to $83,457,000 compared to $94,295,000 for the same period last year while net income was down slightly to $4,833,000 or $.58 per diluted share from $5,241,000 or $.61 per diluted share in the same period of 2008.
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