Aeroflex Inc. Posts 3Q EPS of $0.07 vs. Loss of $1.85
AEROFLEX INC. Interim Consol. Earns.: Mar. '97--Thou. $
3 Mos. to Mar. 31:
1997
1996
Net sales
22,937
15,956
Net bef. tax
1,442
+d21,804
Income tax
525
280
Net income
917
d22,084
*Sh. earns.:
$0.07
d$1.85
9 Mos.:
Net sales
64,912
44,300
Net bef. tax
3,911
+d19,799
Income tax
1,450
680
Net income
2,461
d20,479
*Sh. earns.
$0.19
d$1.72
*Avge. shs.:
1997
1996
3 mos.
12,992,000
11,937,000
9 mos.
13,181,000
11,876,000
dDeficit.
+Includes a charge of $23,200,000, or $1.94 per share, ($1.95 for the 9-month
period), for the write-off of in-process research and development acquired in
the purchase of MIC Technology Corp. in March 1996.
May 9, 1997, Aeroflex Inc. announced Mar. 1997 three-month earnings per share of $0.07 vs loss
of $1.85 for same period a year ago. Nine-month earnings of $0.19 vs loss of $1.72 for same
period a year ago.
Results for the 1996 three- and nine-month periods includes a charge of $1.94 per share, ($1.95 for
the 9-month period), for the write-off of in-process research and development acquired in the
purchase of MIC Technology Corp. in March 1996.
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