Global-Tech Advanced Innovations (GAI) Ramps as Q1 Revenue Doubles
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Global-Tech Advanced Innovations (NASDAQ: GAI) is trading strong on Monday following Q115 results released ahead of the opening bell.
Global-Tech reported Q1 net loss of $0.10 per share with revenue of $24.6 million, from a net loss of $0.51 per share and revs of $12.5 million posted in the same period last year.
Shares of Global-Tech rose 56 percent at one point today, but are up around 13 percent in afternoon trading.
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