Measurement Specialties fiscal 4Q profit rises

Measurement Specialties Inc., which makes sensors and sensor-based systems, said Thursday that its fiscal fourth-quarter profit rose as revenue climbed.

For the quarter that ended March 31, Measurement Specialties earned $4.4 million, or 30 cents per share, compared with $3 million, or 21 cents per share, in the same quarter last year.

Revenue rose to $62.8 million from $54.4 million.

Analysts polled by Thomson Financial expected profit of 30 cents per share on $61.4 million in revenue. The estimates generally exclude special items.

For the full fiscal year, Measurement Specialties earned $16.4 million, or $1.13 per share, compared with $14.2 million, or 99 cents per share, in fiscal 2007.

The company said results for the year included a $900,000 tax expense related to a German tax law change and a $600,000 tax credit related to the elimination of a tax liability from a previous year.

Measurement Specialties' fiscal 2008 revenue rose to $228.4 million from $200.3 million in fiscal 2007.

The company maintained its guidance for fiscal 2009 sales of $225 million and earnings of $1.30 per share.

Analysts expect profit of $1.30 per share on $254.6 million.