UPDATE: Graham Reports Upbeat Q4 Results

Graham Corporation GHM reported upbeat Q4 results on Friday. Graham reported its quarterly net income at $2.7 million, or $0.27 per, up from $0.6 million, or $0.06 per share, in the year-ago period. Its net sales surged 88% to $25.9 million from $13.8 million. However, analysts were expecting earnings of $0.21 per share on revenue of $23.8 million. Graham projects FY12 revenue of $95 to 105 million, versus analysts' estimates of $102.35 million. Graham shares fell 0.24% to close at $21.19 yesterday. Read more from Benzinga's Company news.