NEW YORK, NY - October 26, 2012 - - TeleCommunication Systems Inc (NASDAQ:TSYS) soared 16.76% to $2.09 on a traded volume of 839k shares after the Company announced third quarter results.Revenue increased 24% to $140.1 million. Gross profit was up 18% to $44.1 million.Adjusted net income was $7.3 million or $0.12 per diluted share compared to $6.7 million or $0.11 per diluted share in the third quarter of 2011.GAAP net income was $4.2 million or $0.07 per diluted share versus $1.8 million or $0.03 per diluted share in the prior year period.
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TASER International Inc (NASDAQ:TASR) surged up 18.94% to $7.59.The Company reported third quarter net income of $0.07 per share compared to $0.02 per share in the prior year period. Net sales increased 18% to $28.8 million.
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Mylan Inc (NASDAQ:MYL) went up 0.40% to $25.10 on a traded volume of 3.94 million shares.The Company reported third quarter net income of $211.3 million or $0.51 per share compared to $156.7 million or $0.36 per share in the previous year period. Revenue for the quarter increased 14.8% to $1.81 billion. Revenue though affected by an unfavorable foreign currency translation, witnessed a growth particularly reflected by increased sales in North America.
The CEO said that the Company is on the prowl for acquisitions to bolster its product line and expand geographically and would consider deals valued more than $4 billion.
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Varian Medical Systems Inc (NYSE:VAR) soared 15.58% to $67.12 on a traded volume of 3.03 million shares.The Company reported fourth quarter net income of $120.2 million or $1.08 per share versus $101 millionor 87 cents per share in the prior year period. However, Wall Street estimates of $1.03 per share on revenue of $747.1 million. Sales of X-ray products increased 9% to $130 million in the quarter. The executives expect revenue to increase 8 to 9% in the first fiscal quarter over the prior year quarter.
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Columbia Laboratories Inc (NASDAQ:CBRX) slipped 41.92% to $0.662.The Company received a letter on October 24, 2012 from the Nasdaq Stock Market indicating that the Company no longer meets the minimum bid price requirement for continued listing on the Nasdaq Global Market.
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