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Video Display Corp Increases Annual Earnings Guidance

First Quarter Highlights

  • Revenues exceed $20 million versus $16 million; Up 24%
  • G&A expenses reduced 14% versus comparable 2010 quarter
  • Net after-tax earnings increase 282%
  • Earnings per share increase 250%
  • Company exceeds EPS guidance by 40%
First Quarter 2011 2010 $ Change % Change
         
Net Revenues $20,337 $16,351 $3,986 +24%
         
Gross Profit 6,437 5,838 599 +10%
         
Operating Expenses 5,263 5,727 (464) (8%)
         
Net Profit after Tax 577 151 426 +282%
         
Earnings per Share $0.07 $0.02 $0.05 +250%
         
Fully Diluted O/S 8,700 8,883 183 (2.1%)

ATLANTA, July 15, 2010 (GLOBE NEWSWIRE) -- Video Display Corporation (Nasdaq:VIDE), an internationally recognized leader in design and manufacture of specialty niche market and rugged displays for military, industrial and commercial requirements, today raised full year earnings guidance based upon strong first quarter financial results.

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