DeWITT — Anaren, Inc. (NASDAQ: ANEN) reported net income of $3.4 million during its fiscal fourth quarter ending June 30, up 15 percent from the $2.9 million it earned in the year-ago period.
Anaren posted earnings per share (EPS) of 25 cents in the latest quarter, up 25 percent from 20 cents during the fiscal fourth quarter of 2012.
Excluding non-cash, equity-based compensation and intangible asset amortization, Anaren said it posted EPS of 30 cents in this year’s fiscal fourth quarter, up more than 15 percent from 26 cents in the same period in 2012.
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Anaren generated sales of more than $42 million during the latest quarter, up nearly 11 percent from the more than $38 million it generated during the same quarter in 2012, the company said.
The DeWitt–based technology company’s adjusted EPS missed the mean analyst estimate of 31 cents, but Anaren’s revenue easily surpassed the average revenue estimate of just under $39 million, according to the financial website Wall St. Cheat Sheet.
Anaren reported its earnings after the close of trading Monday. Its shares were trading up 45 cents, or 1.9 percent, to $24.16, as of nearly 1 p.m. Tuesday.
Anaren, which employs about 800 people, designs, manufactures, and sells microwave components and subsystems for the wireless communications, satellite communications, and defense-electronics markets.
Contact Reinhardt at ereinhardt@cnybj.com
