Wireless Provider Comarco Posts 22% Higher Earnings

Comarco Inc., a provider of wireless communications products, reported net income for the third quarter of $1.1 million, or 20 cents a share, compared with $1 million, or 20 cents a share, in last year’s third quarter. Quarterly revenue dropped slightly to $18.4 million from $18.5 million. For the first nine months, Comarco earned $3.3 million, or 61 cents a share, a 22% increase over $2.7 million, or 53 cents a share, for the same period last year. Revenue fell to $50.9 million from $53.1 million.