(Bloomberg) -- ADC Telecommunications Inc. rose in
extended U.S. trading after the maker of phone-networking gear
said second-quarter profit quadrupled.
Shares of Eden Prairie, Minnesota-based ADC gained 66 cents,
or 3.8 percent, to $17.95 at 4:20 p.m. New York time. Net income
was $92.1 million, or 72 cents a share, in the three months ended
May 4, compared with $22.8 million, or 19 cents, a year earlier,
the company said in a statement distributed by Business Wire.
Read more at Bloomberg Stocks News
extended U.S. trading after the maker of phone-networking gear
said second-quarter profit quadrupled.
Shares of Eden Prairie, Minnesota-based ADC gained 66 cents,
or 3.8 percent, to $17.95 at 4:20 p.m. New York time. Net income
was $92.1 million, or 72 cents a share, in the three months ended
May 4, compared with $22.8 million, or 19 cents, a year earlier,
the company said in a statement distributed by Business Wire.
Read more at Bloomberg Stocks News
No comments:
Post a Comment