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EMS Tech Sees 2010 Profit At High End Of Estimates

ATLANTA (AP) - Wireless communications equipment company EMS Technologies Inc. said Wednesday it expects its annual 2010 profit to be around 90 cents per share, at the high end of its previous estimates.

EMS said its adjusted profit will be about 90 cents per share. The company had forecast net income of 80 to 90 cents per share. Analysts expect EMS to report a profit of 88 cents per share, according to a FactSet survey.

The company said the results reflect its strategy and structural changes. EMS said it may also receive a tax benefit worth 5 cents per share from the extension of a research and development tax credit, but that benefit is not included in its outlook. The company said it will report its fourth-quarter and full-year results in about four weeks.

Shares of EMS Technologies rose 6 cents to $19.65 in late trading.