Electronic Tele-Communications, Inc. Reports Unreviewed Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
March 20, 2019 at 02:15 pm
Share
Electronic Tele-Communications, Inc. reported unreviewed earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net sales of $126,003 compared to $129,753 for the fourth quarter of 2017. Earnings from operations was $27,807 against $23,880 a year ago. The net earnings for the quarter were $22,865 compared to net earnings of $19,009 for the fourth quarter of 2017. Basic and diluted earnings per share on Class A common was $0.01 against $0.01 a year ago. Basic and diluted earnings per share on Class B common was $0.01 against $0.01 a year ago.
For the full year of 2018, the company reported net sales of $566,755, compared to $587,845 for 2017. Earnings from operations was $53,007 against $59,819 a year ago. The net earnings for 2018 were $33,537 compared to net earnings of $40,549 a year ago. Basic and diluted earnings per share on Class A common was $0.01 against $0.02 a year ago. Basic and diluted earnings per share on Class B common was $0.01 against $0.02 a year ago.
Electronic Tele-Communications, Inc. designs, manufactures, and markets digital voice information systems and related services. Its equipment provides a range of audio and computer information and call handling capabilities via telephone networks, computer networks, and the Internet. Its digital voice information systems deliver network interoperability and various applications. Its applications include automatic callback, changed number with call completion, repeat dialing, and wake-up/reminder services enable providers to differentiate themselves from their competition. It offers a range of services, which include professional recording, turn-key installations, on-site trainings, and 24-hour technical support. It provides time weather temperature systems and related services. Its customers include independent telephone companies, long distance companies, wireless carriers, cable companies, utilities, telecommunications manufacturers, and other businesses and organizations.
ELECTRONIC TELE-COMMUNICATIONS, INC. 
