LAKEWOOD, Colo. (AP) _ Mesa Laboratories Inc. (MLAB) on Monday reported fiscal third-quarter net income of $451,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Lakewood, Colorado-based company said it had net income of 8 cents. Earnings, adjusted for non-recurring costs and stock option expense, were $2.35 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.
The quality control instruments and disposable products maker posted revenue of $54.3 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $57.7 million.
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