Tollgrade Shares Jump Despite Lower Profits

Summary


Tollgrade Communications Inc. stocks climbed $1.54, or 15 percent, to $11.60 and traded as high as $12.90 today after it reported a fourth-quarter profit of 12 cents a share, at the high end of its forecast, the company said.

Even so, revenue decreased 8.6 percent in the fourth-quarter and net income fell at the Cheswick-based telecommunications firm.

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Tollgrade Shares Jump Despite Lower Profits

It reported that for ...

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