EXFO Up 22% Following Strong Guidance

EXFO Inc (EXFO) U.S. shares rose 21 percent to $9.09 and rallied 25 percent earlier, after the Canadian telecom-testing-equipment maker reported a higher first-quarter profit, and forecast higher second-quarter earnings. Exfo said total sales increased 48.5% to $67.6 million in Q1’2011 from $45.6 million in Q1′ 2010 and 3.7% from $65.2 million in the fourth [...]