RF Industries, Ltd. (NASDAQ:RFIL) is reporting third quarter financial results on Thursday 10th September 2020, after market close.
According to analysts surveyed by Thomson Reuters, RFIL is expected to report 3Q20 income of $ 0.01 per share from revenue of $ 10.64 million.
For the full year, analysts anticipate top line of $ 45.93 million, while looking forward to income of $ 0.04 per share bottom line.
Previous Quarter Performance
RF Industries, Ltd. announced loss for the second quarter of $ 0.01 per share, from the revenue of $ 10.39 million. According to street consensus, RFIL was expected to report 2Q20 loss of $ 0.01 per share from revenue of $ 12.92 million. The top line results fell short of analysts by $ 2.53 million or 19.58 percent.
Stock Performance
Shares of RF Industries, Ltd. traded low $ -0.03 or -0.70 percent on Wednesday, reaching $ 4.23 with volume of 19.60 thousand shares. The stock opened positive for the day at $ 4.28, after closing the previous day trading at $ 4.26.
According to the previous trading day, closing price of $ 4.26, representing a 28.70 % increase from the 52 week low of $ 3.31 and a 52.08 % decrease over the 52 week high of $ 8.89.
The company has a market capital of $ 41.28 million and is part of the Technology sector and Electronic Components industry.
Conference Call
RF Industries, Ltd. will be hosting a conference call at 4:30 PM eastern time on 10th September 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rfindustries.com
RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Mexico, and internationally. The companys RF Connector and Cable Assembly division designs, manufactures, and distributes coaxial connectors and cable assemblies that are integrated with coaxial connectors. Its Cables Unlimited division manufactures and sells custom and standard cable assemblies, hybrid fiber optic power solution cables, adapters, and electromechanical wiring harnesses for communication, computer, LAN, automotive, and medical equipment.
