Summary
Tollgrade Communications Inc.'s stock climbed $1.29, or 13 percent, to $11.35 and traded as high as $12.90 Thursday after it reported fourth-quarter profit at the high end of its projected range late Wednesday. Tollgrade was raised to a "buy" rating from "neutral" by analyst Bill Gildea at Janney Montgomery Scott. Even so, revenue decreased 8.6 percent and net income fell at the Cheswick-based maker of test equipment for the telecommunications industry. For the three months ended Dec. 31, net income totaled $1.6 million, or 12 cents a share, down 13.8 percent from $1.8 million, or 14 cents, in the year-earlier quarter. Sales were $16.6 million, down from $18.2 million.
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Briefs: Tollgrade Up 13 Percent On Better Than Expected Profit
US Airways Group will distribute to its pilots $21.1 million, or 36 percent, of its 2006 profit-sharing pool of $58.7 million, the airline said Thursday. Nearly all of the balance is shared as follows: aircraft mechanics and related maintenance workers, $13.8 million; flight attendants, $8.5 million; passenger-service and reservations agents, $7.7...
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