LaBarge (LB) Tops Q1 EPS by 5c
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LaBarge Inc. (NYSE: LB) reports Q1 EPS of $0.19, 5 cents better than the analyst estimate of $0.14. Revenue for the quarter was $63.16 million, which compares to the estimate of $61.9 million.
"Based on current visibility, we believe first-quarter net sales will be the weakest quarterly results of the 2010 fiscal year. While we are cautious about the pace of the economic recovery, we do believe that strengthening orders will drive gradual improvement in our performance as the year advances. LaBarge’s excellent financial health and strong pipeline of new business opportunities sustain our confidence in our Company’s excellent long-term business and financial prospects," said Mr. LaBarge.
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