KVH: Q4 Earnings Snapshot

Associated Press Finance
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MIDDLETOWN, R.I. (AP) — MIDDLETOWN, R.I. (AP) — KVH Industries Inc. (KVHI) on Thursday reported fourth-quarter net income of $591,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Middletown, Rhode Island-based company said it had net income of 3 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 8 cents per share.

The maker of mobile communication and navigation equipment posted revenue of $36 million in the period.

For the year, the company reported net income of $24.1 million, or $1.29 per share, swinging to a profit in the period. Revenue was reported as $138.9 million.

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

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