Technical Communications: Surges on profit vs. year-ago loss

Technical Communications

06/08/2018 17:04

** Communications equipment maker's shares  TCCO.O  jump
29.6 pct to $4.98
    ** Posts Q3 profit compared to a loss in the year-ago
quarter; revenue rises 44.5 pct from a year-ago  urn:newsml:reuters.com:*:nGNX8ZQnSq
    ** Says results driven by international opportunities,
customer evaluations and testing 
    ** More than 714k shares exchange hands, 40x their 25-day
moving avg vols
    ** TCCO among top pct gainers across U.S. exchanges 
    ** TCCO shares halve in value YTD despite paring losses 

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))