COGT

[calven]

chart - notice the long term support line

[setravis]

AP
Cogent 2Q Profit Nearly Triples
Wednesday August 1, 5:53 pm ET 
Cogent 2nd-Quarter Earnings Nearly Triple As Sales Surge on Demand for Fingerprint Machines


SOUTH PASADENA, Calif. (AP) -- Cogent Inc., which makes electronic fingerprint machines, said Wednesday second-quarter earnings nearly tripled as demand from domestic and international law-enforcement agencies sent revenue soaring.
Net income jumped to $10.6 million, or 11 cents per share, from $3.6 million, or 4 cents per share, in the year-ago period. The latest period included a $4 million charge to cover legal costs of ongoing intellectual property litigation.

The result surpassed estimates on Wall Street, where analysts expected profit of 9 cents per share, according to Thomson Financial.

Revenue more than doubled to $31.3 million to $13.2 million last year. Analysts expected $30 million.

In electronic aftermarket trading, Cogent shares rose 4 cents to $13.47 after closing the regular trading session up 12 cents to $13.43.


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