Medtox shares soar
Medtox shares soar on Q3 earnings - Minneapolis/St. Paul Business Journal:: "Medtox Scientific Inc.'s shares surged in Monday afternoon trading after the company reported its earnings jumped 79 percent in the third quarter.
Medtox (Nasdaq: MTOX), which offers lab testing services, reported earnings of $1.48 million, or 17 cents per share, up from $825,000, or 10 cents per share, during the same period last year.
The company's shares jumped $2.26, or 25 percent, in mid-day trading Monday.
New Brighton-based Medtox also reported that its third-quarter revenue jumped 13 percent to $18.7 million, carried by strong sales of its products and services.
Analysts polled by Thomson Financial had expected earnings of 14 cents per share on revenue of $17.7 million.
kgrayson@bizjournals.com | (612) 288-2106
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