Jaco Turns Fiscal 2Q Profit

HAUPPAUGE, N.Y. (AP) -- Electronic components distributor Jaco Electronics Inc. said Friday it swung to a fiscal 2007 second-quarter profit on higher sales.

The company earned $149,000, or 2 cents per share, compared with a loss of $7.4 million, or $1.17 per share, during the same period a year prior. Revenue rose 37 percent to $66 million from $48.1 million. Jaco's fiscal year ends June 30.

Shares of Jaco surged 71 cents, or 20.6 percent, to $4.16 on the Nasdaq in morning trading. The stock hit a 52-week high of $4.49 early in the trading session.