Vicon (AMEX:VII) Reports $1.6 Million Increase in Second-Quarter Results
Foreign sales spurred strong fiscal 2007 second-quarter results for Vicon Industries Inc. (AMEX: VII); in response, shares soared as high as 20 percent in Friday afternoon trading, settling at $11.65 at the closing bell. Net sales for the second fiscal quarter 2007 increased to $16.9 million, up 38 percent from last year's first quarter results of $12.2 million. Net income was reported at 16 cents per diluted share, or $802,000 - a significant jump from a loss of $848,000, or 19 cents per share, in the same period for 2006. Ken Darby, Vicon CEO said, in a press release, sales…