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Technology / AI and automation

COMPANY RESULT: REMEC INC

Remec Inc, San Diego, California-based defense and commercial microwave radio systems manufacturer, has reported third quarter net profits up 259% at $4.9m on revenue up 26.2% at $38.6m; nine- month net rose 171% to $10.8m on revenue up 30.8% at $111.9m. Net earnings per share rose 188% to $0.23 in the quarter, up 108% to $0.50 in the nine months.

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CBR Staff Writer

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