Wireless tech firm Telit Communications has provided a positive trading update, saying that the trading outlook for the full year is in line with market expectations.
Consensus estimates for the full year ending December 31st 2012 are for revenues of £127.4m with pre-tax profits of 5.81m. Earnings per share are expected to be 3.75p, placing it on a forward price/earnings ratio of 15.7.
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