04.21.2008 10:01 am
LaBarge says Q3 earnings look good
St. Louis Post-Dispatch
LaBarge Inc. issued preliminary third quarter earnings Thursday that exceed its prior financial guidance, which it raised in mid-March.
For the three months ending March 31, the Clayton-based electronics manufacturer expects to report net sales of $75.4 million, up 27 percent from the same period last year, and diluted earnings of 27 centsa share, up 50 percent from the same time last year.
The company cited accelerated deliveries and broad-based strength it its end markets – a mix of defense, commercial and natural resource clients — for the gains, and raised its fourth quarter guidance. LaBarge will officially report third-quarter earnings on May 1.
In early trading, LaBarge stock was up 5.7 percent to $13.99 a share.
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