Qiao Xing Universal Telephone surges after posting 20% jump in 2007 sales
Qiao Xing Universal Telephone, Inc. (Nasdaq:XING) is surging in midday trading after the telecommunications company said early Monday that its 2007 net sales rose 20% to $531.1 million. Fiscal year earnings jumped $123.9 million, or $3.42 per share, from a loss in 2006.
In Monday midday trading, XING is surging 30.38%, or $1.20, to $5.15. For detailed price information and recent news stories about Qiao Xing Universal Telephone, click XING.
