Thursday, LaBarge Inc. (LB) reported net income of $3.67 million, or $0.23 per share, for the first quarter, up 46% from $2.52 million, or $0.16 per share, a year ago.
Analysts polled by First Call/Thomson Financial expected the company to earn $0.23 per share for the quarter.
Net sales grew 15% to $68.19 million from $59.19 million in the fiscal 2008 first quarter.
Looking forward, the company said it anticipates that fiscal 2009 second-quarter sales and earnings will be comparable to this year's first-quarter results.
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