ERoad shares jump 10%, extending gain after strong quarterly US sales

Fri, 07 Jul 2017

By Sophie Boot July 7 (BusinessDesk) - ERoad shares have soared 31 percent since Wednesday, hitting a four-month high, as buying continued after the company posted positive quarterly sales earlier this week. On Wednesday, Auckland-based ERoad said it sold 1,321 contracted units in the US in the three months ended June 30, taking its total number of devices to 7,423. That's an annualised increase of 87 percent, accelerating from a pace of 36 percent in the March quarter and equal to 86 percent of the US sales it managed to achieve in the e...

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