ZOOM Up 42% Following Strong Earnings/Guidance

Shares of Zoom Technologies, Inc. (ZOOM) are higher on the session by 42%, trading at $5.43. The co. announced Wednesday morning that it expects to report full year 2011 net income between $16 and $17 million versus $15.4 million consensus, and revenues of $320 million to $340 million versus $326.13 million. Mr. Leo Gu, Chairman [...]