Shamir Optical Industry Ltd. Reports Third Quarter EPS of $.25

Shamir Optical Industry Ltd. SHMR today announced unaudited financial results for the third quarter ended September 30, 2010. For the quarter ended September 30, 2010, revenues increased 4.7% to $37.8 million, compared with revenues of $36.2 million for the same period in 2009. Gross profit for the quarter was $20.8 million, or 54.9% of revenues, compared with gross profit of $19.7 million, or 54.6% of revenues for the same period last year. Net income for the quarter increased 18.5% to $4.3 million, compared with net income of $3.7 million for the same period in 2009. Net income attributable to Shamir's shareholders was $4.2 million or $0.25 per diluted share, compared with $3.6 million or $0.22 per diluted share for the same period in 2009.