NVEC (Ticker: NVEC) - No Spin Here!

NVE Corp., the company that is making its name on a nanotechnology called Spintronics, released 2Q results after the market closed today. The results blew the estimates away. Net income tripled to $1.28 million vs. year ago income, and gross margins increased to 67%. I have to admit that holding this stock through earnings announcement made for a nervous day, but the chart said stay long and following my indicators paid off. The stock was up 13% in after hours. Tomorrow’s conference call could add further fuel to the fire if the company announces progress on intellectual property licenses, or raises future expectations.