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Frequency Electronics (FEIM) stock surged over 24% in after-hours trading following the announcement of record revenue.
Frequency Electronics reported its first-quarter fiscal year 2027 earnings on September 10, with record revenue of $23.5 million, a 70% year-over-year increase and a 52% quarter-over-quarter increase. The strong performance boosted management's confidence in achieving its annual revenue target of at least $150 million for fiscal year 2029, driving the company's stock price up over 24% in after-hours trading following the announcement.
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