PREMARKET ALERT: Abaxis Inc. (ABAX)

Posted in General 
July 31st, 2009

Abaxis Inc. (Nasdaq: ABAX)  shares are up 10 percent to $24.15 on premarket volume of about 78,000 shares as of 8:10 a.m Eastern; it also was very active in after hours trade. The company posted fiscal Q1 earnings of 17 cents a share, 4 cents above analyst expectations of 13 cents a share. Revenue rose 20 percent from the same period a year earlier to $29.6 million, above analyst expectations of $26.4 million. The company said it saw strong diagnostic reagent disc sales increases. — Mike Tarsala

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