RF Industries Ltd. (RFIL) Posts Solid Q4 Results, Anticipates Equally as Strong Q1
RF Industries Ltd., a provider of interconnect products and systems for ratio frequency (RF) communications devices and wireless digital transmission systems, yesterday announced its financial results for the fourth quarter and fiscal year ended October 31, 2010. The company reported that sales for the fourth quarter ended October 31, 2010, increased 31 percent to a record $5,001,000, compared to sales of $3,811,000 in the fourth quarter of 2009. Net income jumped 62 percent to $435,000, or $0.13 per diluted share, compared to $268,000, or $0.08 per diluted share, in the comparable quarter of last year. "Record fourth quarter sales are…