Cogo Group (COGO +10%) jumps after its Q1 EPS beat estimates yesterday. Net earnings fell 70%...

|By:, SA News Editor

Cogo Group (COGO +10%) jumps after its Q1 EPS beat estimates yesterday. Net earnings fell 70% Y/Y as margins weakened due to tight credit conditions in China, but investors appear to be taking it in stride, focusing instead on an upbeat sales picture as total revenue soared by over 60% Y/Y.