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

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

(Loss) income from

operations (10,884) 3,819 (19,858) (1,243)

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

Other income (expense):

Investment income 147 375 955 854

Interest expense (164) (213) (427) (578)

Foreign exchange

transactions gain

(loss) 42 195 (6) 478

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

25 357 522 754

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

(Loss) income before

income taxes (10,859) 4,176 (19,336) (489)

(Benefit) provision for

income taxes (7,267) 298 (9,313) (29)

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

Net (loss) income $(3,592) $3,878 $(10,023) $(460)

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

(Loss) earnings per

common share - Basic $(.27) $.28 $(.73) $(.03)

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

Basic weighted average

shares 13,507 13,969 13,696 13,911

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

(Loss) earnings per

common share -

Diluted $(.27) $.27 $(.73) $(.03)

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

Diluted weighted

average shares 13,507 14,449 13,696 13,911

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


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

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