Amerigon up 18% after meeting Wall Street’s Q2 profit estimate
Amerigon Inc. (Nasdaq:ARGN) is up 18% in morning trading after the Northville, Mich.-based company reported a second-quarter profit of $1.3 million, or $0.06 per share, which met Wall Street’s expectation. During the year-earlier period, the company earned $1.3 million, or $0.06 per share.
Quarterly revenue jumped 12% to $16.8 million versus $15.1 million a year ago. Wall Street was looking for $16.9 million.
In Wednesday morning trading, ARGN is up 18.22%, or $1.13, to $7.34. For detailed price information and recent news stories about Amerigon, click ARGN.
About the Author
Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau.
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