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Stock impact report

Optical Cable Corporation Reports Third Quarter 2018 Financial Results

Optical Cable Corporation (OCC) 
US:NASDAQ Investor Relations: occfiber.com/investor-relations
Company Research Source: PR Newswire
ROANOKE, Va., Sept. 11, 2018 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its third quarter ended July 31, 2018. Third Quarter 2018 Financial ResultsConsolidated net sales for the third quarter of fiscal year 2018 increased 40.7% to $23.1 million compared to net sales of $16.4 million for the third quarter of fiscal year 2017.  The Company increased net sales in its specialty markets in the third quarter of fiscal 2018, compared to the same period last year, particularly in its wireless carrier market.  This increase was partially offset by a decrease in net sales in the Company's enterprise markets.OCC reported gross profit of $7.0 million in the third quarter of fiscal year 2018, an increase of 32.4% compared to gross profit of $5.3 million in the same period last year.  Gross profit margin, or gross profit as a percentage of net sales, was 30.4% in the third quarter of fiscal year 2018 compared to 32.3% f Show less Read more
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