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Henry Bros. Electronics Posts Higher Q2 Profit; Boosts FY10 Revenue Outlook - Quick Facts

August 12, 2010, Thursday, 07:27 GMT | 02:27 EST | 11:57 IST | 14:27 SGT

(RTTNews) - Henry Bros. Electronics, Inc. (HBE) reported net income for the second quarter of $393,804 or $0.06 per share, compared to $55,253 or $0.01 per share for the year-ago quarter.

Revenue for the second quarter rose 8% to $15.2 million from $14.0 million a year ago.

Revenue increased at the company's California, New Jersey/New York and Texas operations, driven primarily by the public sector transportation vertical market.

The company raised its full year 2010 revenue guidance to a range of $70 million to $75 million from its prior guidance of $60 million to $65 million.

The company said it now expects full year 2010 operating margin to be 5% to 6%, compared to its previous expectations of 4% to 5%.