From Earnings Report:|
Looking strong--chart in nice position too. Hope market holds up!
KIRKLAND, Wash.--(BUSINESS WIRE)--Jan. 26, 1999--AVT Corporation
(Nasdaq:AVTC) today reported its financial results for the quarter ended Dec. 31, 1998.
Sales were at record levels for the quarter, increasing to 23,687,000, a 35% increase from
17,588,000 in the prior year quarter. Excluding non-recurring charges described below,
quarterly earnings increased 52% and were 3,950,000 or 0.29 per diluted share, as
compared to 2,604,000 or 0.20 per diluted share in the comparable prior-year quarter.
For the year ended December 31, 1998 sales were a record 81,126,000, a 40% increase
over the comparable prior-year period. Excluding non-recurring charges described below,
earnings increased 51% and were 11,793,000 or 0.90 per diluted share, as compared with
7,785,000 or 0.62 per diluted share in the prior-year.