Orbit International Corp. Reports 2010 Fourth Quarter and Year-End Results

by: , Atlantic Wire
March 10, 2011

Category: Syndicated Industry News | RSS 2.0

HAUPPAUGE, N.Y.–(BUSINESS WIRE)–Orbit International Corp. (NASDAQ:ORBT), an electronics manufacturer and software solution provider, today announced results for the fourth quarter and year ended December 31, 2010. The Company noted that the results for the final quarter and year were adversely affected by a non-recurring expense in connection with the non-renewal of the employment contract of its former President and CEO (“senior officer expense”) at 2010 year-end. Fourth Quarter 2010 vs. Four

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