Key Technology (KTEC) Tops Q3 EPS by 16c

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Key Technology Announces Fiscal 2015 Third Quarter Financial Results

July 23, 2015 4:10 PM EDT

WALLA WALLA, Wash., July 23, 2015 (GLOBE NEWSWIRE) -- Key Technology, Inc. (NASDAQ: KTEC) announced today sales and operating results for its fiscal 2015 third quarter, ended June 30, 2015.

Third Quarter Overview

Net sales for the three months ended June 30, 2015 totaled $30.8 million, compared to $31.3 million recorded in the corresponding quarter last year.  The Company reported net earnings for the quarter of $295,000, or $0.05 per diluted share, compared to a net loss of $2.0 million, or $0.32 per diluted share, in the same period a year ago.

The gross profit for the third quarter of fiscal 2015 was $9.2... More