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Profit increases at Anaren

By Kevin Tampone

Date:

DeWITT — Profit at Anaren, Inc. (NASDAQ: ANEN) rose 16 percent during the company’s fiscal first quarter to $2.9 million.

Earnings per share for the period, which closed Sept. 30, rose to 21 cents, up from 17 cents a year earlier. Net sales in the first quarter rose 0.9 percent to $39.1 million, driven mainly by an increase in the company’s space and defense business.

DeWitt–based Anaren (NASDAQ: ANEN) employs about 800 people. The company develops and manufactures components and subsystems for markets including satellite communications, defense, and wireless communications.

Anaren has locations in the Syracuse area, New Hampshire, Colorado, and China.

For more on this story, see this week’s issue of The Central New York Business Journal.

Contact Tampone at ktampone@cnybj.com

 

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