Point Roberts, WA - August 12, 2011 Investorideas.com, an investor research portal covering multiple stock sectors including defense and security stocks, presents a sector close up on defense and security stocks Aug 11. Investors saw gains in Thursday's trading session as the roller coaster week continued. Markets are opening higher this morning on better than expected retail sales data.
Thursday's Trading:
Acorn Energy, Inc. (NASDAQ:ACFN) added 0.15 (3.09%) to $5.00 after it reported second quarter results for the period ending June 30, 2011. Revenues increased 30.3% to $10.72 million from $8.23 million, primarily due to strong growth at CoaLogix and GridSense, where revenue growth was well above expectations. Total gross profit declined 14.2% to $2.98 million from $3.48 million in the comparable-period last year.
- Published: 11 August 2011
- Written by Investor Ideas