ARXX tops views by 2 cents
--9:47 am - By Michael Baron
Aeroflex (ARXXgs) is adding $4, or 15.4 percent, to $30, in early action. After Wednesday's closing bell, the Plainview, N.Y., microelectronics firm reported second-quarter earnings of $6.6 million, or 11 cents a share, up from a year-ago profit of $1 million, or 2 cents a share, and 2 cents ahead of Wall Street expectations. Sales rose to $58.5 million in the period from $41.9 million a year ago. The company attributed the strong results to continued demand for its proprietary products, especially those in the fiber optics area. |
