NAPCO Security Technologies Inc reports results for the quarter ended June 30 - Earnings Summary
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NAPCO Security Technologies Inc reported adjusted earnings of 33 cents per share for the quarter ended June 30, down from 36 cents a year ago, but above analysts' expectations of 27 cents. Revenue increased by 0.8% to $50.72 million, surpassing the forecast of $44.38 million. The company’s net income was $11.63 million. NAPCO shares rose 6.8% this quarter but are down 10.9% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $29.00, 9.3% below the last closing price of $31.70.
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