Orbit International (ORBT) Reports Q1 Earnings, Reaffirms FY07 Guidance
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Price: $3.35 +1.52%
Financial Fact:
Provision for income taxes: 26K
Today's EPS Names:
LBIX, ESEA, ISS, More
Financial Fact:
Provision for income taxes: 26K
Today's EPS Names:
LBIX, ESEA, ISS, More
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Orbit International Corp. (NASDAQ: ORBT) reports Q1 EPS of $0.12 compared to $0.15 for the same period last year. Revenues were $6.22 million compared to $6.63 million for the same period last year.
"We are reaffirming our 2007 guidance with net sales between $25.9 million and $26.1 million, EBITDA between $3,800,000 and $3,900,000, net income between $2,700,000 and $2,800,000 and earnings per diluted share between $.57 and $.60. Furthermore, as previously reported, our business is not subject to any seasonality and revenues are generally determined by shipping schedules outlined in our purchase orders. Based on existing and projected shipping schedules, we expect our performance in the second half of the 2007 year to be stronger than the first half of 2007."
"We are reaffirming our 2007 guidance with net sales between $25.9 million and $26.1 million, EBITDA between $3,800,000 and $3,900,000, net income between $2,700,000 and $2,800,000 and earnings per diluted share between $.57 and $.60. Furthermore, as previously reported, our business is not subject to any seasonality and revenues are generally determined by shipping schedules outlined in our purchase orders. Based on existing and projected shipping schedules, we expect our performance in the second half of the 2007 year to be stronger than the first half of 2007."
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