Centennial Communications rises, swings to Q3 profit
Shares of Centennial Communications Corp. (Nasdaq:CYCL) are rising on news before the opening that the wireless communications provider swung to a third-quarter profit. The Wall, N.J.-based company reported earnings of $0.05 per share, compared with a loss of $0.01 per share a year earlier. Five analysts polled by Thomson Financial were projecting earnings of $0.06 per share.
At 2:56 p.m. ET, the stock had advanced $0.42, or 8%, to $5.71. For detailed price information and recent news stories about Centennial Communications, click CYCL.
