Vecima Networks Inc. Announces Increase In Q3 Income

(RTTNews) - Vecima Networks Inc. (VCM.TO) reported a profit for its third quarter that increased from the same period last year

The company's earnings came in at C$5.8 million, or C$0.24 per share. This compares with C$4.5 million, or C$0.18 per share, in last year's third quarter.

Excluding items, Vecima Networks Inc. reported adjusted earnings of C$0.31 per share for the period.

The company's revenue for the quarter rose 2.3% to C$80.1 million from C$78.3 million last year.

Vecima Networks Inc. earnings at a glance (GAAP) :

-Earnings (Q3): C$5.8 Mln. vs. C$4.5 Mln. last year. -EPS (Q3): C$0.24 vs. C$0.18 last year. -Revenue (Q3): C$80.1 Mln vs. C$78.3 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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