Astro-Med reports record Q4 revenue
Shares of Astro-Med Inc. (Nasdaq:ALOT), which makes and distributes specialty printers and electronic instruments, are higher on news after the close on Tuesday that fourth-quarter net sales rose 3.1% to a record level. The West Warwick, R.I.-based company reported that net sales for the three months ended Jan. 31 were $18.13 million, compared with $17.57 million a year earlier. The rise was partially attributed to favorable foreign exchange rates.
At 1:48 p.m. ET, the stock had advanced $0.68, or 8%, to $9.69. For detailed price information and recent news stories about Astro-Med, click ALOT.
