Reuters: Hot Stocks: UPDATE 1-Zoom Technologies posts 4th-qtr loss

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UPDATE 1-Zoom Technologies posts 4th-qtr loss Apr 16th 2012, 21:08 Mon Apr 16, 2012 5:08pm EDT April 16 (Reuters) - Zoom Technologies posted a fourth-quarter loss, hurt mainly by less profitable manufacturing contracts, sending the Chinese mobile company's shares down 13 percent in aftermarket trade. Net loss for the quarter was $2 million, compared with a net income of $5.1 million in the year-ago period. Revenue for the company, which supplies to Samsung Electronics Co Ltd and China Mobile Communications Corp, rose 60 percent to $139 million. The company was also hurt by acquisition-related costs and increase in R&D expenditure. Shares of the company were trading down 13 percent at $1.22 in aftermarket trade. They closed at $1.40 on Monday on the Nasdaq.

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