Solid Sales & Profits Fuel AEY’s Jump
Shares of ADDvantage Technologies Inc. (Amex: AEY) surged today after news of its second-quarter earnings were released earlier this morning. In mid-day trading, shares of ADDvantage were trading up 27 cents (6 percent) at $4.52 per share on volume of 405,100. For the three month period ended March 31, 2007, revenue was $16 million compared to $12.4 million in the second quarter of fiscal 2006, an increase of 29 percent, and matches its largest quarter of revenues. “A significant portion of our revenue growth came from new product sales to several large MSOs in the Midwest that are making capital…