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EDO Reports 19 Percent Revenue Increase

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NEW YORK, Aug. 2 -- EDO Corp. announced that revenue for the second quarter ended June 26, 1999, was $27,768,000, an increase of 19 percent over last year's figure of $23,397,000 for the same quarter. Operating earnings of $2,390,000 were reported, as compared with $2,369,000 a year earlier. Net earnings available for common shares were $1,281,000, or 17 cents per diluted share, reflecting an effective tax rate of 30 percent. These results compare with untaxed net earnings available for common shares of $2,015,000, or 27 cents per diluted share, for the second quarter of 1998. The company...Read full article

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    Published: August 1999
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