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What: Shares of battery specialist Valence Technology
So what: Weren't we just here yesterday? Actually, today's announcement casts an interesting light on the pop that shares experienced yesterday. Regardless, the release today at least gives a reasonable excuse for investors to get excited. The company said that revenue for the quarter will come in at $12 million, above the $8 million to $10 million range previously given.
Now what: Investors obviously want to see Valence moving in the right direction, and higher revenue could be a sign that that's happening. However, absent from the company's announcement was any mention of profits. That's probably because the company continues to rack up losses even as competitors such as Advanced Battery
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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy assures you no Wookiees were harmed in the making of this article.