BROOKLYN PARK, Minn. (AP) _ Clearfield Inc. (CLFD) on Thursday reported fiscal first-quarter profit of $501,000.
The Brooklyn Park, Minnesota-based company said it had profit of 4 cents per share.
The maker of fiber optic management products posted revenue of $19.4 million in the period.
Clearfield expects full-year revenue in the range of $92 million to $95 million.
Clearfield shares have increased nearly 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.30, an increase of 19% in the last 12 months.