Taylor Devices jumps as Q4 sales surge 33%

Taylor Devices

19/08/2022 15:24

** Shares in shock absorber manufacturer Taylor Devices Inc
 TAYD.O  rise more than 18% to $9.99 in morning trading
    ** TAYD reports Q4 sales up 33% to $9.66 mln, boosted by
recovery in aerospace, defense and industrial sectors
    ** Co posts a profit of 43 cents/shr, up from 2 cents/shr
reported year earlier 
    ** Stock down ~9% YTD

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))