M-tron Industries, Inc. (MPTI) reported a drop in profit for the third quarter, missing Street estimates. Earnings were $1.83 million, or $0.63 per share, compared to $2.27 million, or $0.81 per share, last year. Analysts had expected earnings of $0.69 per share. Revenue for the period increased by 7.3% to $14.17 million from $13.21 million last year. Overall, M-tron Industries, Inc. saw a decrease in earnings and a rise in revenue compared to the previous year.

Read more at Nasdaq: M-tron Industries, Inc. Reveals Fall In Q3 Bottom Line, Misses Estimates