Power-One Moves On Q2/Q3 Announcement

Posted in Uncategorized 
July 30th, 2010

Power-One, Inc. (NASDAQ: PWER) shot up at 8:35 AM EST from $9.96 to $11.73, an increase of 17.77%.  This pre-market movement came following an announcement that the company had a second quarter revenue of  $215 million and profits of 17 cents a share, beating the Street consensus of $185.7 million in revenue and profits of 10 cents a share.  The company has also projected impressive third quarter earnings.  These numbers come during a 52-week range of $1.19 – $10.28.

The company traded 95,505 shares this morning, compared with the daily average 2,769,270.

Power-One, Inc. design and sell power management solutions for renewable energy, communications infrastructure, and other high technology markets.

-Michael B. Sauter

Comments are closed