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Recon Technology Posts Q3 48% Revs Increase, Trimmed Loss - Shares Up 12%, But Off Day Highs

Recon Technology, Ltd. ( RCON )are up 12% at $2.37, off a day's high of $2.68 and a yr high of $4.58, moving on significant yoy improvements for Q3.

The Chinese non-state-owned oilfield services provider posted Q3 diluted net income per share at RMB0.03 ($0.00) compared to diluted net loss per share of RMB0.51 for the three-month period ended March 31, 2011.

Q3 revenues increased 48.59% to RMB13.02 million ($2.06 million) from RMB8.76 million in the three months ended March 31, 2011.

No analyst estimates available.

RCON 52 week range: 0.27 - 4.58.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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