Video Display Corporation Reports Second Quarter And First Half Fiscal 2011 Financial Results
- Second quarter 2011 net sales of $22.1 million, a 32% increase compared to $16.8 million for the second quarter of fiscal 2010
- Second quarter 2011 income from operations of $1.34 million, as compared to income from operations of $26,000 for the second quarter of 2010
- First half 2011 net sales of approximately $42.5 million, an increase of 28% compared to $33.2 million for the first half of fiscal 2010
- First half 2011 income from operations of $1.92 million as compared to income from operations of $178,000 for the first half of fiscal 2010
- Second quarter 2011 fully diluted earnings per share of $0.15, a dramatic increase compared to $0.00 earnings per share for the second quarter of fiscal 2010
- First half 2011 fully diluted earnings per share of $0.22, a 10 fold increase compared to $0.02 earnings per share for the second quarter of fiscal 2010
ATLANTA, Oct. 14, 2010 (GLOBE NEWSWIRE) -- Video Display Corporation (Nasdaq:VIDE), an international leader in the design, manufacture and distribution of niche market displays, today announced financial results for the second quarter ended August 31, 2010.
Video Display Corporation reports net sales for the second quarter ended August 31, 2010 of $22.1 million, an increase of $5.3 million versus net sales of $16.8 million for the second quarter ended June 30, 2010. Net Earnings from operations for the second quarter of 2011 is reported to be $1.34 million, an increase of $1.31 million as compared to income from operations of $26,000 in the second quarter of 2009. Fully diluted earnings per share are reported to be $0.15 compared to $0.00 reported for the second quarter of fiscal 2010. The Company had previously released upgraded guidance of $0.13 in earnings per share for the 2nd quarter of fiscal 2011.
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