Article: Symetrics Industries announces fiscal 1997 first-quarter results.

MELBOURNE, Fla.--(BUSINESS WIRE)--Aug. 1, 1996--Symetrics Industries Inc. (NASDAQ:SYMT) Thursday announced that contract revenues for its first quarter ended June 30, 1996, were $6,879,405, up 18 percent from the corresponding period last year.

Net income was $441,020, essentially the same as the $447,344 earned last year. Earnings per share were 28 cents, down from 33 cents for the corresponding period last year due primarily to the additional 207,399 shares issued in the acquisition of American Digital Switching (ADS) effective April 1, 1996.

The ADS subsidiary contributed revenues of $484,840 to Symetrics' total consolidated revenues of $6,879,405, but ...

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