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Telestone Technologies Corp. (Nasdaq:TSTC) announced that it will host a special conference call at 8:00 a.m. EDT on Tuesday, October 18, 2011, to provide an update to investors on the Company's business, manufacturing strategy, and financial reporting methods.
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Telestone Technologies Corporation (NASDAQ:TSTC) announced its financial results for the second quarter ended June 30, 2011. Revenues increased 46.4% year-over-year to $24.3 million. Gross profit increased 41.8% year-over-year to $10.6 million, with a gross margin of 43.7%. Operating income increased 154.1% to $5.5 million, as compared to $2.2 million in the second quarter of 2010.