RadiSys narrows Q2 losses, shares gain 16% in pre-market
Shares of RadiSys Corporation (Nasdaq:RSYS) have gained 16% in today’s pre-market trading after reporting after Tuesday’s close it had narrowed its second-quarter losses. For the quarter ended June 30, the communications networking company’s net loss was $2.8 million, or $0.12 per share, compared with a net loss of $7.3 million, or $0.34 per share, for the same period a year earlier. Revenues were $97.6 million, up from $75.5 million a year ago.
The Hillsboro, Ore.-based company said the narrower loss was from strong demand in its wireless and IP media server products sector. Shares are at $12.15 at 9:25 a.m. ET, up $1.69 from Tuesday’s close. Shares have ranged from $8.02 to $17.48 during the past year.
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