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RF Industries Reports Fourth Quarter and Fiscal 2009 Results (1/29/10)
RF Industries announced results for the fourth quarter and fiscal year ended Oct. 31. For the quarter ended Oct. 31, sales were $3,811,000, compared to $4,693,000 in the fourth quarter last year. Net income was $268,000, or $0.08 per diluted share, compared to $446,000, or $0.12 per diluted share, in the same quarter last year.
“This was the best quarter of fiscal 2009. Although sales and earnings did not match record results in the fourth quarter of fiscal 2008, sales increased 16 percent compared to our recent third quarter,” said Howard Hill, president and CEO of RF Industries.
For the fiscal year ended Oct. 31, 2009, sales were $14,213,000, compared to record sales of $17,695,000 in fiscal 2008. Net income was $656,000, or $0.20 per diluted share, compared to net income of $1,559,000, or $0.42 per diluted share, for fiscal 2008.
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