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Herley Reports Third Quarter Results
Date:6/12/2008

107,094

Retained earnings 89,381 99,404

Accumulated other comprehensive income 1,494 1,745

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Total Shareholders' Equity 193,311 209,641

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Total Liabilities and Shareholders'

Equity $265,099 $262,593

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HERLEY INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands except per share data)

(Unaudited)

Forty weeks Thirty-nine

Thirteen weeks ended ended weeks ended

May 4, April 29, May 4, April 29,

2008 2007 2008 2007

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Net sales $38,549 $44,401 $108,343 $122,514

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Cost and expenses:

Cost of products sold 29,982 31,687 84,790 89,528

Selling and

administrative

expenses 9,951 8,895 27,869 25,315

Litigation settlements 9,500 - 15,542 -

Employment contract

settlement costs - - - 8,914

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49,433 40,582 128,201 123,757

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

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