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NVE: Fiscal 4Q Earnings Snapshot

EDEN PRAIRIE, Minn. (AP) _ NVE Corp. (NVEC) on Wednesday reported fiscal fourth-quarter earnings of $2.9 million.

The Eden Prairie, Minnesota-based company said it had profit of 59 cents per share.

The nanotechnology company posted revenue of $5.6 million in the period.

For the year, the company reported profit of $14.5 million, or $2.99 per share. Revenue was reported as $26.5 million.

NVE shares have risen 8.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $95, an increase of 9% 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 NVEC at https://www.zacks.com/ap/NVEC