Clearfield, Inc. announced unaudited earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported revenues of $10,265,362 compared with $9,165,201 for the same period a year ago. Income from operations was $885,749 compared with $1,021,168 for the same period a year ago.

Income before income taxes was $911,211 compared with $1,048,350 for the same period a year ago. Net income was $545,211 or $0.04 per basic and diluted share compared with $999,599 or $0.08 per basic and diluted share for the same period a year ago. First quarter 2013 net income was affected by the impact of the higher tax expense compared to a year ago, resulting from the release of the deferred tax valuation allowance in fiscal 2012.