Frequency Electronics Q3 EPS $0.16 Misses $0.29 Estimate, Sales $16.890M Miss $20.025M Estimate

Frequency Electronics (NASDAQ:FEIM) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.29 by 44.83 percent. This is a 90 percent decrease over earnings of $1.60 per share from the same period last year. The company reported quarterly sales of $16.890 million which missed the analyst consensus estimate of $20.025 million by 15.66 percent. This is a 10.76 percent decrease over sales of $18.927 million the same period last year.