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Clearfield: Fiscal 2Q Earnings Snapshot

BROOKLYN PARK, Minn. (AP) _ Clearfield Inc. (CLFD) on Thursday reported fiscal second-quarter net income of $368,000, after reporting a loss in the same period a year earlier.

The Brooklyn Park, Minnesota-based company said it had net income of 2 cents per share.

The maker of fiber optic management products posted revenue of $19.1 million in the period.

Clearfield expects full-year revenue in the range of $83 million to $87 million.

Clearfield shares have risen 54 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.31, a rise of 15 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLFD at https://www.zacks.com/ap/CLFD