NAPCO Security Technologies (NSSC) shares rose over 7% in recent Monday trading after the company reported fiscal Q3 results that beat consensus and announced a higher quarterly dividend and a new chief financial officer.
The company reported fiscal Q3 earnings of $0.28 per diluted share, down from $0.36 a year earlier.
Two analysts polled by FactSet expected $0.27.
Net sales for the quarter ended March 31 were $44 million, down from $49.3 million a year earlier.
Analyst surveyed by FactSet expected $43.1 million.
The company boosted its quarterly dividend to $0.14 per share from $0.125, payable July 3 to shareholders of record June 12.
NAPCO also said it appointed Andrew Vuono as CFO, effective Tuesday. He will also continue as chief accounting officer.
The company said Kevin Buchel, who was formerly president, chief operating officer and CFO, will continue as president and COO.
Price: 25.46, Change: +1.68, Percent Change: +7.06
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