Frequency Electronics Q1 Earnings, Revenue Rise; Shares Gain After-Hours

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Frequency Electronics (FEIM) reported a fiscal Q1 net income late Thursday of $0.41 per diluted share, up from $0.07 a year earlier.

Two analysts polled by FactSet expected $0.20.

Revenue for the quarter ended July 31 was $23.5 million, up from $13.8 million a year earlier.

Two analysts expected $17.9 million.

Shares were up more than 24% in after-hours trading.

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