InfoSonics (IFON) Swings to Q1 Profit; Shares Rip Higher
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InfoSonics Corp (Nasdaq: IFON) shares are ripping higher Thursday following its first-quarter 2012 results, issued earlier.
The company reported swinging to profit of 1 cent per share from a loss of 6 cents per share in the same period last year. Further, revs rose from $9.47 million last year up to $12.36 million.
Shares are up about 65 percent on strong volume in the early trade.
The company reported swinging to profit of 1 cent per share from a loss of 6 cents per share in the same period last year. Further, revs rose from $9.47 million last year up to $12.36 million.
Shares are up about 65 percent on strong volume in the early trade.
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