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Herley Industries, Inc. Reports Third Quarter Earnings
Date:6/11/2009

ations before income taxes 2,990 (11,684) 3,856 (18,029) Provision for income taxes (benefit) 567 (7,258) 163 (8,832) --------- --------- --------- --------- Income (loss) from continuing operations $ 2,423 $ (4,426)$ 3,693 $ (9,197) --------- --------- --------- --------- Discontinued operations: Income (loss) from operations of discontinued subsidiary - 826 (734) (1,306) Income taxes benefit - (8) (278) (480) --------- --------- --------- --------- Income (loss) from discontinued operations - 834 (456) (826) --------- --------- --------- --------- Net income (loss) $ 2,423 $ (3,592)$ 3,237 $ (10,023) ========= ========= ========= ========= Earnings (loss) per common share - Basic Income (loss) from continuing operations $ .18 $ (.33)$ .27 $ (.67) Income (loss) from discontinued operations - .06 (.03) (.06) --------- --------- --------- --------- Net income (loss) - basic $ .18 $ (.27)$ .24 $ (.73) ========= ========= ========= ========= Basic weighted average shares 13,559 13,507 13,545 13,696 ========= ========= ========= ========= Earnings (loss) per common share - Diluted Income (loss) from continuing operations $ .18 $ (.33)$ .27 $ (.67) Income (loss) from discontinued operations - .06 (.03
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