Stock Market Alert: IACI Up on Q3 Profit

Posted on Wednesday 1 November 2006



Stock Market Alert: IACI had a strong day on Tuesday, trading up almost 4% to close the regular session at $30.98 after the company reported their Q3 earnings report. The stock closed at $30.98 at the end of trading on Tuesday, and continued higher in the afterhours session, closing at $31.30 in the late session. Volume was extremely heavy on Tuesday, with over 6 million shares of the stock changing hands, compared to a normal daily average volume of 2.1 million shares traded. IACI was up after reporting that their Q3 profit rose 10.1% and their net revenues rose to $1.6 billion from $1.4 billion dollars. IACI is currently within a dollar of their 52 week high, which currently stands at $31.50.



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