Comarco Says Income Equals Last Year’s
Comarco Inc. expects to report income of 73 cents to 75 cents a share from continuing operations for the fiscal year ended Jan. 31, about the same as the previous year.
The Irvine company said Tuesday that revenue from continuing operations climbed about 25% to about $49 million, and both earnings and revenue should grow by 25% in the current fiscal year.
Per-share earnings for the recent year exclude an unspecified one-time charge for severance costs, Comarco said.
For the fiscal year ended Jan. 31, 2000, the company had reported income from continuing operations of $3.6 million, or 74 cents a share, on revenue of $39.2 million.
Shares of the company, which provides wireless-communications products, slipped 44 cents to $15.56 in Nasdaq trading.
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