Communications Systems reports third-quarter results

Communications Systems has announced its financial results for the third quarter and nine months ended 30 September 2010.

Net income for this quarter was $3.9m (£2.4m) on sales of $33.3m, compared to earnings of $1.9m on sales of $28.1m in 2009.

For the nine months ended 30 September 2010, net income was $7.7m ($0.92 per diluted share) on sales of $89.9m.

In the same period a year ago the company earned $4.8m ($0.58 per diluted share) on sales of $83.5m.