For its fiscal year ended in September, revenue grew 18percentto to $2.7 billion, while earnings shot ahead 25percentto to $85 million.
Black earnings shot up after the civil-rights revolution, both in absolute terms and relative to white.Progress, interruptedYet in recent years economic progress has stalled.
As the Mexicans expanded their own wholesale business in the United States, their earnings shot up dramatically, and bribes they paid Mexican officials rose apace.
As sales of its vacuums and military robots grew, iRobot's earnings shot up to $40 million last year from $756,000 in 2008, and its stock surged to $38 a share from $7.
In the fiscal year that ended in April, earnings shot up 48% to $13 million on a similar surge in revenues.
For the first six months of 1997, the company reported sales of $8.2 million, and earnings shot up 33% to $434,000 for the period, from a year ago.
In stocks, Krispy Kreme said its first-quarter earnings shot up almost 50%, as its rolled out new stores and increased sales, while in tech Juniper Networks said it would hold a private sale of $350 million of zero-coupon, five-year senior notes convertible into the company's stock.
Trend Micro is expecting its revenues to rise 20% and earnings to shoot up 35%, to $136 million and $57 million, in the quarter ending Sept. 30.
"Their earnings will shoot up two or three-fold, and it isn't uncommon to see it rise as much as 8X — it's a life-changing experience".
