Frequency Electronics (FEIM) Reports Q4 EPS of $0.32

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Go back to Frequency Electronics (FEIM) Reports Q4 EPS of $0.32

Frequency Electronics, Inc. Announces Fiscal Year 2015 Results

July 22, 2015 4:00 PM EDT

MITCHEL FIELD, N.Y., July 22, 2015 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM) reported revenues of $76.6 million for fiscal year 2015, which ended April 30, 2015, compared to revenues of $71.6 million for fiscal 2014. Operating profit for fiscal 2015 was $3.7 million, compared to operating profit of $4.9 million for fiscal 2014. Net income for fiscal 2015 was $2.8 million or $0.32 per diluted share compared to net income of $4.0 million or $0.46 per diluted share for fiscal 2014.

Commenting on these results General Joseph Franklin, Chairman of the Board, said, "In fiscal 2015 we accomplished many of our objectives. Late in the year we dealt with some... More