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Article: Maxwell Technologies reports strong second-quarter earnings on 27 percent sales gain.
- Article from:
- Business Wire
- Article date:
- March 4, 1997
CopyrightCOPYRIGHT 1997 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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SAN DIEGO--(BUSINESS WIRE)--March 4, 1997--Maxwell Technologies Inc. (NMS:MXWL) Tuesday announced the results of its fiscal 1997 second quarter, ended Jan. 31, 1997.
Sales for the quarter were $24,577,000, a gain of 27 percent over sales of $19,340,000 in the same period a year ago, resulting in net income of $912,000, compared with a loss of $8,179,000 a year ago. Giving effect to a 2-for-1 stock split in December 1996, per-share earnings in the second quarter were 14 cents, compared with a per-share loss of $1.50 last year.
For the six-month period, sales rose 26 percent to $48,594,000 from $38,512,000. Net income was $1,728,000, or 26 cents a ...
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