NVEC Strong EPS report could jumpstart the nanotech sector:
NVECorp 4Q Rises Sharply, Rev Up 31% >NVEC
Dow Jones Newswires - May 02, 2007 5:51 PM ET
NVE Corp.'s (NVEC) fiscal fourth-quarter net income rose sharply to $1.55 million, or 33 cents a share, from $619,744, or 13 cents a share, a year earlier.
Revenue for the quarter ended March 31 increased 31% to $4.57 million from $3.48 million.
The Eden Prairie, Minn., nanotechnology company's shares traded after-hours at $33.50, after closing at $29.63.
-Nicholas Hatcher; 201-938-5400; AskNewswires@dowjones.com
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05-02-07 1750ET
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