VASCO Data gains 16% on Q2 earnings boost

Information security provider VASCO Data Security International Inc. (Nasdaq:VDSI) has gained 16% in today’s trading after announcing a better-than-expected second quarter ahead of today’s opening. For the quarter ended June 30, revenues were $35.4 million, up from $32.4 million in the same quarter a year earlier. Net income for the second quarter was $7.5 million, or $0.20 per share, up from $6.9 million, or $0.18 per share, during the same period a year ago. Analysts were expecting earnings per share of $0.15 on revenues of $34.2 million.

In today’s trading, shares of Oakbrook Terrace, Ill.-based VASCO are at $13.34 at 1:36 p.m. ET, up $1.86 from Wednesday’s close.

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