ENGlobal (AMEX: ENG) Reports Record First-Quarter Revenue
Shares of ENGlobal Corporation (AMEX: ENG) jumped nearly 21 percent to $7.86 in Tuesday afternoon trading. The engineering and systems services provider reported its first-quarter revenue was up 23 percent to a record $81.7 million. EnGlobal reported net income for the period ended March 31, 2007, at $3.2 million or 12 cents per diluted share, up 156 percent from $1.2 million, or 5 cents per share last year. “These results can be considered a turnaround for the company, coming after we encountered two problem projects in the second half of last year that produced losses for the last two quarters…