Advertisement

InVision Results Beat Forecasts; Shares Rise

Share
Bloomberg News

Shares of InVision Technologies Inc., one of two government-certified makers of machines that screen baggage for explosives, rose 11% after second-quarter profit topped forecasts.

Profit rose to 48 cents a share from 1 cent in the year-earlier quarter. InVision had been expected to earn 33 cents. The company plans to release full results July 23.

The stock has risen more than eightfold since Sept. 11 on expectations sales would surge after the terrorist attacks.

Advertisement

Shares rose $2.77 to $27.15 on Nasdaq.

Advertisement