L.S. Starrett shares rise after sales, profit jump

L S Starrett Co

09/05/2022 14:15

** Shares of tool and cutting equipment maker L.S. Starrett
Co  SCX.N  up 14.3% at $7.42 premarket     
    ** Co says Q3 sales rose 10% to $60.5 mln, helped by price
increases and strong demand across product categories
 urn:newsml:reuters.com:*:nBw4QjBVZa
    ** Co's net income also rose 42% to $4.3 mln, or $0.57 per
share, despite higher supply chain and labor costs
    ** Stock down 30.6% so far this year

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; Twitter: https://twitter.com/sampath_uday
  ;))