NVE Corp. (NVEC) Misses Q3 EPS by 14c
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NVE Corporation Reports Third Quarter Results and Announces $10 Million Dividend
January 21, 2015 4:05 PM ESTEDEN PRAIRIE, Minn., Jan. 21, 2015 (GLOBE NEWSWIRE) -- NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter and nine months ended December 31, 2014.
Total revenue for the third quarter of fiscal 2015 decreased 3% to $6.29 million from $6.47 million in the prior-year quarter. The revenue decrease was due to a 9% decrease in product sales, partially offset by a 16-fold increase in contract research and development revenue. Net income for the third quarter of fiscal 2015 increased 1% to $2.79 million, or $0.57 per diluted share, compared to $2.78 million, or $0.57 per share, for the prior-year quarter.
For the first nine months of... More
