Small Cap Movers

China Architectural Engineering gains ahead of open on strong Q2 that bests the Street

Jennifer Schonberger | Aug 11, 2008 09:27am EDT | Comment
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Shares of China Architectural Engineering, Inc. (Nasdaq:CAEI) are gaining ground ahead of the open after the high-end building envelope systems engineer posted robust second-quarter results that trumped the consensus on Wall Street. Revenues soared 113% as the small cap experienced continued business growth in its home market of China and rapid expansion in new markets such as the Middle East and the U.S.

Shares rose 9%, or $0.83, to $10.25 ahead of the open. For detailed price information and recent news stories about China Architectural Engineering, click CAEI.

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Jennifer Schonberger

About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.