KVH Industries Inc. (KVHI) reported that its fourth-quarter net income increased to $1.847 million or $0.13 per share from $306 thousand or $0.02 per share last year.
On average, 3 analysts polled by Thomson Reuters expected the company to report profit of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales increased to $26.286 million from $21.216 million last year. Analysts expected revenue of $25.53 million for the quarter.
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