05:29 PM EST - Phonetime Inc. : announced first quarter financial results, reporting a turn to profit from the prior-year quarter on higher revenues. Phonetime's first quarter net income was $619 thousand or $0.006 per basic share, compared to a loss of $364 thousand or $0.004 per basic share in the year-ago quarter. The company said higher net income in the recent quarter was as a result of performance gains by its wholesale division. Phonetime Inc.
shares T.PHD are trading up 23 percent at $0.40.
