trending Market Intelligence /marketintelligence/en/news-insights/trending/t8SCTsXWGV32t-h67t8ybw2 content esgSubNav
In This List

Clearfield fiscal Q1 profit climbs 22.6% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Blog

Europe: 5 key OTT trends to watch in 202

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Clearfield fiscal Q1 profit climbs 22.6% YOY

Clearfield Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to 9 cents per share, compared with the S&P Capital IQ consensus estimate of 9 cents per share.

EPS rose 22.6% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.3 million, an increase of 22.6% from $1.0 million in the year-earlier period.

The normalized profit margin rose to 8.0% from 7.3% in the year-earlier period.

Total revenue grew 12.2% on an annual basis to $15.7 million from $14.0 million, and total operating expenses climbed 10.8% on an annual basis to $13.7 million from $12.4 million.

Reported net income rose 24.9% on an annual basis to $1.4 million, or 10 cents per share, from $1.1 million, or 8 cents per share.