CPBJ Daily

Friday, March 12, 2010 02:49 PM
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Lancaster-based Herley Industries Inc. reported second-quarter net income of $3.8 million, compared with $2.2 million for the year-ago quarter.

The firm recorded earnings per diluted share of 27 cents, compared with earnings per diluted share of 16 cents in the year-ago period.


Analysts had estimated earnings per diluted share of 19 cents, according to Yahoo Finance.

Net sales for the quarter grew from $40 million last year to $46.6 million this year, the company said late yesterday.

Shares of Herley, which designs and manufactures microwave products for the defense, aerospace and medical industries, are traded on the Nasdaq under the ticker symbol HRLY.

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