HAMDEN, Conn., Nov. 8, 2010 (GLOBE NEWSWIRE) -- TransAct Technologies Incorporated (Nasdaq:TACT), a global leader in market-specific printers for transaction-based industries, today announced financial results for the three and nine months ended September 30, 2010. Summary results for the periods are as follows:
|Three months ended Sept. 30,||Nine months ended Sept. 30,|
|(in $000s, except EPS)||2010||2009||% change||2010||2009||% change|
|Diluted earnings per share||$0.11||$0.13||-15.4%||$0.30||$0.21||42.9%|
"Given a weak domestic casino market, we were pleased with our results, including another quarter of strong year-over-year gross margin improvement," said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. "Our international casino and gaming and overall point-of-sale ("POS") markets continue to be bright spots for us. In addition, we continued to realize the benefits of our transition to manufacturing in China as well as a favorable sales mix, as we enjoyed a 320 basis point gross margin increase from the prior-year quarter."