RF Industries Reports First Quarter Results
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March 21, 2016 3:03 PM EDT
RF Industries (NASDAQ: RFIL) declared a quarterly dividend of $0.02 per share, or $0.08 annualized. This is a 71.4% decrease from the prior dividend of $0.07.
The dividend will be payable on April 15, 2016, to stockholders of record on March 31, 2016, with an ex-dividend date of March 29,... More
March 21, 2016 3:02 PM EDT
RF Industries (NASDAQ: RFIL) reported Q1 EPS of ($0.04), versus $0.01 reported last year. Revenue for the quarter came in at $7 million, versus $6.9 million reported last year.
CEO CommentsJohnny Walker, President and CEO said, "First quarter sales, which is typically our seasonally weakest quarter, in combination with the continuing weakness in the wireless infrastructure market, negatively impacted sales and margins at the Connector and Cable Assembly and the Cables Unlimited divisions. We sold our Aviel Division, which... More
