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Article: Fargo Electronics, Inc. Reports First Quarter 2003 Results.
- Article from:
- Business Wire
- Article date:
- April 22, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
MINNEAPOLIS--(BUSINESS WIRE)--April 22, 2003
Fargo Electronics, Inc. (Nasdaq:FRGO) today reported net sales for the first quarter ended March 31, 2003, of $15,479,000, compared with sales of $15,021,000 in the first quarter of 2002. Net income for the first quarter of 2003 was $1,315,000, or 10 cents per share (diluted) compared with $714,000, or 6 cents per share (diluted) in the same period last year.
Operating income for the first quarter of 2003 was $1,950,000, or 13% of sales, compared with $1,173,000, or 8% of sales, in 2002. Results in 2002 included $538,000 of expenses related to the proposed acquisition of Fargo by ...