AVCI exploded on Thursday, trading up over 84% to close the regular session at $8.02 after announcing Q1 earnings that surprised and delighted the Street. AVCI posted a loss of 41 cents per share on revenues of $21.4 milion dollars. This compares to analyst expectations of a loss of 47 cents per share, on revenues of $8 million dollars. Investors were particularly jazzed by the company’s revenue numbers, which came in at over double what was expected. The company attributed this strong report to strong order volume and positive effects of its restructuring activities. Volume was extremely high on Thursday, with over 10 million shares of the stock changing hands, compared to a normal daily average of 72,700. The stock exploded to a new 52 week high, smashing its old high of $5.67.
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