NAPCO Security Technologies Inc. (NSSC) has reported an increase in earnings for its fourth quarter, surpassing both the previous year's results and Wall Street expectations.
The company posted a net income of $13.534 million, or $0.36 per share, compared to $10.565 million, or $0.28 per share, during the same quarter last year.
Analysts, as polled by Thomson Reuters, had forecasted earnings of $0.35 per share, a figure that typically excludes any special items.
Revenue for the quarter saw a 12.7% uptick, climbing to $50.330 million from $44.658 million the previous year.
Key financial highlights for NAPCO Security Technologies Inc. (GAAP) for Q4 are as follows:
- Net Income: $13.534 million, up from $10.565 million last year.
- Earnings Per Share (EPS): $0.36, an increase from $0.28 last year.
- Revenue: $50.330 million, compared to $44.658 million last year.
