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Optical Cable Jumps on Fiscal 2Q Report

by wireworld on 06/08/2012 - 04:24 pm

Tag: Press Releases

Optical Cable Corp. shares surged after the fiber optic cable maker reported its fiscal second-quarter results.


The Roanoke, Va., company said it earned $949,000, or 15 cents per share, in the three months ended April 30. In the year-ago quarter Optical Cable took a loss of $90,000, or 2 cents per share. Its revenue grew 28 percent, to $22.1 million from $17.2 million.


The company said sales reached a record high during the quarter. Its net sales to customers grew 20.5 percent and sales to non-U.S. customers grew 56 percent. It said it expects fiber optic cable demand to remain strong for the rest of its fiscal year.