This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Preformed Line Posts Higher Profit In 4Q

MAYFIELD VILLAGE, Ohio (AP) ¿ Preformed Line Products Co., which makes products for communications and energy networks, said Thursday its fourth-quarter profit grew 49 percent despite a decline in revenue due to the impact of currency exchange rates.

The company earned $2.8 million, or 52 cents a share, in the three months ended Dec. 31. That compares with a profit of $1.9 million, or 34 cents a share, in the prior-year period.

Net sales slipped to $60.6 million from $62.8 million in the fourth quarter of 2007.

For the full year, Preformed Line's net income rose 24 percent to $17.6 million, or $3.30 a share, versus $14.2 million, or $2.61 a share in 2007. Revenue for the period grew 16 percent to $269.7 million.

The company's shares added 70 cents, or 2.1 percent, to $33.98 during afternoon trading.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
PLPC $43.00 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs