Cobra Electronics Reports Third Quarter EPS of $.14

Cobra Electronics Corporation COBR today reported net earnings of $874,000, or $0.14 per share, for the third quarter of 2010 as compared to a net loss of $509,000, or $0.08 per share, for the third quarter of 2009. Earnings improved due to higher sales, an increase in the gross margin and a decrease in operating expenses as compared to the third quarter of 2009.