Stock Market Alert - DAIO Crushes Earnings, Surges Higher

Posted on Thursday 25 October 2007



It was a good day to be a DAIO shareholder on Thursday.

The company crushed their Q3 earnings results and surged over 48% higher on the session, busting through its previous 52 week high of $4.49. Volume was extremely heavy on the session, with almost 1.5 million shares of the stock changing hands, compared to a normal daily average volume of 21k shares traded.

The company surged after reporting earnings of 18 cents per share, up from a penny a share in the year ago period.



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