Keithley Instruments reports fourth quarter sales growth

Electrical test instruments and systems company Keithley Instruments has announced results for its fourth quarter and fiscal year ended 30 September 2010.

Orders of $36.6m (£22.6m) were 44 per cent higher than those of 2009’s fourth quarter and net sales were $37.9m, an increase of 58 per cent.

Results show a net income of $9m and earnings per share of $0.55 for the fourth quarter of fiscal 2010 compared to a net loss of $4.4m and loss per share of $0.28 for the same period last year.

Full-year results for fiscal 2010 show net sales of $126.9m, increased 24 per cent from 2009.

There was a net income of $24.9m and earnings per share of $1.53 in fiscal 2010 compared to a net loss of $50.5m and loss per share of $3.23 in fiscal 2009.