Thursday, April 26, 2007

UPDATE 1-Technitrol profit falls on restructuring costs

(Reuters) - First-quarter net income fell to $4.7 million, or 12 cents per share, from $12 million, or 30 cents per share, a year ago. Excluding items, the company reported a per-share profit of 36 cents, a penny above the average analyst forecast, as compiled by Reuters Estimates.

Revenue rose to $254.4 million from $221.1 million, helped by growth in the communications markets, particularly for wireless antennas and magnetics-based components and modules for the networking market, the company said.


Read more at Reuters.com Market News

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