Power-One Inc. (PWER) reported second quarter net income of $0.17 per share after the bell Thursday, compared to the loss of $0.08 per share last year. The consensus estimate was for a profit of $0.10.
Power-One Inc. gapped open sharply higher Friday and is now up 1.57 at $11.53. The stock has risen above a one-week range and has set a new high for the year.
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