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Herley Reports Second Quarter Results
Date:3/12/2008

ined earnings 92,973 99,404

Accumulated other comprehensive

income 1,547 1,745

----------- -----------

Total Shareholders' Equity 196,604 209,641

----------- -----------

Total Liabilities and

Shareholders' Equity $253,454 $262,593

=========== ===========

HERLEY INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands except per share data)

(Unaudited)

Twenty- Twenty-

Fourteen Thirteen seven six

Weeks Weeks Weeks Weeks

Ended Ended Ended Ended

February January February January

3, 2008 28, 2007 3, 2008 28, 2007

------- ------- ------- -------

Net sales $34,661 $37,997 $69,794 $78,113

------- ------- ------- -------

Cost and expenses:

Cost of products sold 29,668 28,010 54,808 57,841

Selling and administrative

expenses 9,098 7,398 17,918 16,420

Litigation settlement - - 6,042 -

Employment contract settlement

costs - - -
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SOURCE Herley Industries, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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