LAKEWOOD, Colo. (AP) _ Mesa Laboratories Inc. (MLAB) on Thursday reported fiscal first-quarter profit of $2 million.

On a per-share basis, the Lakewood, Colorado-based company said it had net income of 38 cents. Earnings, adjusted for amortization costs and stock option expense, were $1.28 per share.

The quality control instruments and disposable products maker posted revenue of $34.9 million in the period.

Mesa Labs shares have dropped almost 1% since the beginning of the year. The stock has risen 17% in the last 12 months.

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