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Herley Reports 4th Quarter and Year-End Results
Date:10/11/2007

38,181 42,202 161,938 162,887

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Operating Income 2,445 600 1,202 13,381

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Other income (expense), net:

Investment income 332 262 1,186 840

Interest expense (212) (77) (790) (319)

Foreign exchange gain (loss) 23 158 501 431

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143 343 897 952

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Income before income taxes 2,588 943 2,099 14,333

Provision for income taxes (1,256) 230 (1,019) 3,979

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Net income $3,844 $713 $3,118 $10,354

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Earnings per common share - Basic $.28 $.05 $.22 $.72

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Basic weighted average shares 13,977 14,363 13,927 14,463

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Earnings per common share - Diluted $.27 $.05 $.22 $.69

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Diluted weighted average shares 14,480 14,828 14,395 15,097

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HERLEY INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

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SOURCE Herley Industries, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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