Gravity (GRVY) Surges Following Q1 Results

July 8, 2009 10:04 AM EDT

Gravity Co., Ltd (Nasdaq: GRVY) is seeing upside action this morning after announcing Q1 results. Revenues rose 9.3% from last year to $12.99 million. Net income rose to $4.1 million from $1.29 million.

Shares are up 49% to $1.58/share.

Based in Korea, Gravity is a developer and publisher of online games.


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