Herley Industries clocks GAAP net loss in fiscal Q3
Microwave technology manufacturer Herley Industries, Inc. (Nasdaq:HRLY) said after Thursday’s close that it recorded a net loss including charges of a litigation settlement agreement with the United States Department of Justice. Excluding charges on a non-gaap basis was net profit of $0.15 per share, above the $0.11 the Street was forecasting.
Sales declined 13% in the period as well.
Shares edged down 1.8%, or $0.28, to $15.40 ahead of the opening bell. For detailed price information and recent news stories about Herley Industries, click HRLY.
