Measurement Specialties 4Q profit edges estimates; sees FY09 EPS $1.30

BOSTON, Jun 12, 2008 (Thomson Financial via COMTEX) -- MEAS | Quote | Chart | News | PowerRating -- Measurement Specialties Inc. Thursday reported fourth-quarter earnings from continuing operations of $4.5 million, or 31 cents a share, compared with earnings of 20 cents a share a year earlier.

The mean estimate of analysts polled by Thomson Reuters was for earnings of 30 cents a share.

Net sales for the three months ended March 31 rose to $62.8 million from $54.4 million a year eearlier. Wall Street analysts, on average, estimated revenue of $61.4 million.

The Hampton, Va.-based designer of sensors for original equipment manufacturers also maintained its fiscal 2009 guidance for earnings of $1.30 a share on sales of $225 million.

Three analysts, on average, estimate 2009 earnings of $1.30 a share on revenue of $254.6 million.

Measurement Specialties shares closed Wednesday at $18.13.

Greg Saulnier gs/jw

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