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Schmitt Industries (SMIT) Sales Increased 44.4%

Welcome to CRWENewswire, Stocks to watch. I am Shalika Jayasekera. On its First Quarter Fiscal 2012, Schmitt Industries Incorporated - symbol SMIT - reported that its Sales increased 44.4% to $3.47 million year over year, with net Income at $0.05 Per Diluted Share compared to a net loss of $.04 per diluted share in the same period prior year. Schmitt Industries designs, manufactures and markets computer-controlled vibration detection and balancing equipment primarily to the machine tool industry. Thank you for joining me and stay with us! For CRWE Newswire, Stocks to Watch, I’m Shalika Jayasekera.

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