Spectrum Control Inc., a specialty manufacturer of defense and medical electronics, stated that it had growth in its military and defense business and its shipments of products into commercial markets as it reported Thursday that its first-quarter profit rose 9 percent on a double-digit gain in revenue. Spectrum Control Inc. trades on the “NASDAQ” under the stock symbols “SPEC”. For More information regarding the “SPEC”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Spectrum Control Inc. (NASDAQ:SPEC), a specialty manufacturer of defense and medical electronics, cited growth in its military and defense business and its shipments of products into commercial markets as it reported Thursday that its first-quarter profit rose 9 percent on a double-digit gain in revenue.
The earnings of $2.4 million for the three-month period ended Feb. 28 were equivalent to 19 cents a share, compared to profit of $2.2 million, or 17 cents a share, a year earlier.
Revenue in the quarter rose more than 14 percent to $37.9 million from $33.1 million a year earlier.
The company expects second-quarter revenue in a range of $38.5 million to $39.5 million and earnings per share of 22 cents to 23 cents.
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