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Technitrol Reverses Fortunes

TSC Staff

Technitrol (TNL Quote) jumped 25% on the heels of its latest quarterly report, which showed profits and revenue on the rise.

Revenue rose to $239.2 million for the second quarter from $143.3 million in the year-ago period. The company earned $15.2 million, or 38 cents a share, compared with a loss of $42.9 million and $1.06 a share last year.

Excluding items, Technitrol would have earned 47 cents in the most recent quarter.

Shares of Technitrol, a producer of electronic components, electrical contacts and assemblies, were higher by $4.89 to $24.49.