Home | Business News | Browse by Publication | B | Business Wire

Applied Signal Technology, Inc. Reports Third Quarter.

Publication: Business Wire
Publication Date: 01-SEP-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Applied Signal Technology, Inc. Reports Third Quarter.(Financial report)

Article Excerpt
-- Operating Margin Increases to 9.8% versus 6.4% in Year-ago Quarter --

-- Earnings per Share grow 67% to $0.25 versus $0.15 in Year-ago Quarter -

SUNNYVALE, Calif. -- Applied Signal Technology, Inc. (NASDAQ:APSG) today announced operating results for the third quarter and first nine months of fiscal 2009, ended July 31, 2009.

The Company reported revenues for the third quarter of $49,500,000 versus the year-ago quarter's revenues of $49,948,000. Strength in the Company's broadband communications and sensor businesses was offset by order delays for tactical SIGINT contracts. The Company's operating income for the third quarter of fiscal 2009 increased by 51% to $4,844,000, a margin of 9.8%, as compared to $3,218,000, a margin of 6.4%, in the third quarter of fiscal year 2008. This improvement was primarily driven by several factors, including a reduction in stock-based compensation expense and an improved mix of royalty revenue and fixed-price contracts, including product sales.

The significant year-over-year margin improvement enabled the Company to grow earnings per share during the third quarter to $0.25, an increase...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Wire
Deutsche Bank to Redeem PowerShares DB Crude Oil Double Long Exchange ..., September 01, 2009
Bally Total Fitness Emerging From Bankruptcy a Stronger, Leaner Compan..., September 01, 2009
GSI Commerce Acquires Pepperjam., September 01, 2009
Kimco Realty Invites You to Join Its Third Quarter Earnings Conference..., September 01, 2009
PURE Bioscience to Raise $3 Million in Registered Direct Financing., September 01, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.