Flow International Corporation (FLOW) designs, develops, manufactures, markets, installs and services ultra high-pressure (UHP) water pumps and UHP water-management systems.
Flow International Corp., a maker of high-pressure waterjet cutting technology, on Thursday reported a fourth-quarter profit versus a loss in the year-ago period, which included a charge from an asset sale.
For the quarter ended April 30, the company reported net income of $6.8 million, or 18 cents per share, versus a prior-year loss of $15 million, or 64 cents per share. The year-ago results included a $7.1 million loss related to Flow's Avure business unit, which it divested in 2005.
Revenue rose 30 percent to $63.3 million from $48.8 million in the year earlier period.
Wall Street had forecast a profit of 12 cents per share, the average estimate of seven analysts surveyed by Thomson Financial, on projected sales of $56.5 million.
No comments:
Post a Comment