Frequency Electronics Reports Missed GAAP EPS and Revenue
Frequency Electronics (NASDAQ:FEIM) reported a GAAP earnings per share of -$0.09, missing estimates by $0.74, with revenue at $63.2M falling short by $3.24M year-over-year (-9.5%). The company has secured significant U.S. government contracts and holds over $100M in backlog.
Tickers: $FEIM