Anaren slips on decline in fiscal fourth-quarter results
Shares of Anaren, Inc. (Nasdaq: ANEN) are sliding ahead of the opening bell after the microwave and radio frequency components maker said after Wednesday’s close that results slipped from the year-ago period, as the firm continued to grapple with execution issues on several production and development programs. A $400,000 increase in R&D expense and a restructuring charge of $255,000 related to personnel reductions at its Salem, New Hampshire subsidiary also contributed to the fallen results.
Shares lost 9%, or $0.90, to $9.28 ahead of the bell. For detailed price information and recent news stories about Anaren, click ANEN.
