LeCroy swings to third-quarter profit
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- April
- 16
LeCroy Corp., the Chestnut Ridge company that provides oscilloscopes, reported this morning that it earned $700,000, or 5 cents a share, during the quarter that ended in March, turning around a loss of $3.9 million, or 34 cents a share, a year earlier. Revenues were up to $40.6 million from $39.3 million.
The figures were reported on a basis that complies with general accepted accounting principles.
On a basis that doesn’t comply with those principles, LeCroy earned $2.1 million, or 17 cents a share, during the just-completed quarter, the third quarter of its fiscal 2008. A year earlier, the company earned $800,000, or 7 cents a share.
Tom Reslewic, LeCroy’s president and chief executive, said the company’s distribution of its products improved sales.
The company sells sophisticated devices that measure the strength of signals in computer chips.
This entry was posted
on Wednesday, April 16th, 2008 at 1:06 pm by Allan Drury.
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Category: Earnings season
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