Projo Biz Blog

KVH Industries, of Middletown, this morning reported fourth quarter net income of $1 million, or six cents per diluted share, compared with $100,000, or one cent per share in the year-ago period. Revenues were $19.7 million, up 13 percent from last year's fourth quarter.

KVH (KVHI:Nasdaq) also forecast first quarter 2008 revenue of $23 million to $25 million, up 13 percent to 23 percent and earnings per share in the range of 8 cents to 12 cents.

Shares of KVH (KVHI:Nasdaq) closed Wednesday at $7.96, up 6 cents a share.

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