United-Guardian, Inc. (UG) Reports Lower Q2 Profit

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Go back to United-Guardian, Inc. (UG) Reports Lower Q2 Profit

United-Guardian Reports Second Quarter Financial Results

August 8, 2014 9:00 AM EDT

HAUPPAUGE, N.Y., Aug. 8, 2014 (GLOBE NEWSWIRE) -- United-Guardian, Inc. (Nasdaq: UG) reported net income of $901,273 ($0.20 per share) on sales of $2,980,136 for the second quarter of 2014, and net income of $2,237,026 ($0.49 per share) on sales of $6,939,628 for the six-month period ended June 30, 2014. Net sales decreased by 17.9% for the second quarter and 8.5% for the six months, and net income decreased by 32.8% for the quarter and by 23.1% for the six months, compared with the same periods last year.

Ken Globus, President of United-Guardian, stated, "The lower earnings for this year's second quarter were the result of... More