Market Movers
CTI Industries Posts Earnings, Revenue Growth
Novelty balloon and laminated films maker CTI Industries(CTIB) said on Tuesday that its first-quarter profit exceeded estimates as its commercial films operation produced solid revenue gains.
The company posted first-quarter net income of $377,307, or 31 cents a share, compared with a loss of $133,269, or 11 cents a share, a year ago. Wall Street had been expecting 16 cents, according to Thomson Financial/First Call.
Revenue for the quarter was up 60% to $9.738 million from $6.08 million a year ago. The growth was led by the commercial films division, but the company said sales in its novelty line remained solid as well.
Shares of CTI were recently trading up 45% to $6.60 after closing at $4.55 Tuesday.
>To order reprints of this article, click here: Reprints
TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-6.12%
|
Data delayed 20 minutes |
Connect with TheStreet