Optical Cable Corp. (OCCF) Comments on Third Quarter Financial Results
Optical Cable Corporation (NASD: OCCF), a manufacturer and marketer of a broad range of fiber optic cables for high-bandwidth transmission of data, video and audio communications over moderate distances, recently announced its financial results from the third fiscal quarter and the nine months ended July 31, 2008. The company’s shares declined earlier this week after Optical Cable released that third quarter of fiscal year 2008 net income decreased to $482,000, or $0.08 per basic and diluted share, compared to $538,000, or $0.09 per basic and diluted share, for the same period last year. Net sales for the third quarter of…