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Rada Electronic Industries Earnings, Sales Jump in Q1

05/11/2021 03:08

07:01 AM EDT, 05/11/2021 (MT Newswires) -- Rada Electronic Industries (RADA) reported Q1 earnings of $0.08 per share after breaking even in the same quarter a year ago.

Analysts polled by Capital IQ had expected earnings of $0.07 per share.

Quarterly revenue surged 67% year-over-year to $25.2 million. Analysts surveyed by Capital IQ had projected revenue of $24.5 million.

The company reiterated its 2021 revenue guidance of more than $120 million, with continued sequential sales growth throughout 2021. That compares with a market projection compiled by Capital IQ of $122.4 million.

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