Frequency Electronics Q4 Swings to Losses, Revenue Declines

Frequency Electronics (FEIM) reported a fiscal Q4 loss late Wednesday of $0.50 per diluted share, swinging from earnings of $0.33 a year earlier. Two analysts polled by FactSet expected earnings of $0.24. Revenue for the three months ended April 30 was $15.4 million, down from $20.0 million a year earlier. Two analysts expected $18.6 million.