Aeroflex Ascends on Good Earnings

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Aeroflex

(ARXX)

, a maker of microelectronics and testing products for broadband, was up 21.5% in late afternoon after the company posted second-quarter earnings of 11 cents a share.

The results beat the Street by 2 cents and were up from 2 cents a year ago.

ABN Amro

raised 2001 and 2002 earnings estimates.