Evertz Technologies Reports Higher Profit, Revenue for Fiscal Fourth Quarter
Evertz Technologies (ET.TO) after trade Wednesday said its fiscal fourth-quarter profit and revenue rose year-over-year.The video and audio technologies company earned C$15.3 million, or C$0.20 per diluted share, in the period, up from C$13 million, or C$0.17, a year ago. FactSet expected C$0.19 per share.Revenue rose 3% for the quarter ended April 30 to C$131.6 million from C$127.8 million a year prior. FactSet projected C$130.7 million.For the quarter, revenue in the US. and Canada was C$94.2 million, down from C$106.5 million a year ago. Revenue in the International region was C$37.4 million, up C$16.1 million from C$21.3 million in the same quarter last year, the company said.The board declared a regular quarterly dividend of C$0.205 per share, payable to shareholders of record on July 6 and will be paid on or about July 13.The company's share closed up C$0.28 to C$16.52 on the Toronto Stock Exchange.
