Ultralife Corporation Earnings Drop 41% In Q4

(RTTNews) - Ultralife Corporation (ULBI) revealed a profit for fourth quarter that fell compared to the same period last year.

The company said its bottom line declined to $0.50 million, or $0.03 per share. This was down from $0.85 million, or $0.05 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 3.5% to $19.25 million. This was down from $19.95 million last year.

Ultralife Corporation earnings at a glance:

-Earnings (Q4): $0.50 Mln. vs. $0.85 Mln. last year. -Earnings Decline (Y-o-Y): -41.2% -EPS (Q4): $0.03 vs. $0.05 last year. -EPS Decline (Y-o-Y): -40.0% -Revenue (Q4): $19.25 Mln vs. $19.95 Mln last year. -Revenue Change (Y-o-Y): -3.5%