11:58 AM EST - Coastal Contacts Inc. : announced financial results for the first quarter, posting net income of $1.0 million or $0.02 per share, compared to a loss of $700,000 or C$0.01 per share in last year quarter. Comprehensive loss for the period was $240,000, compared to profit of $580,000 in previous year quarter. Sales for the quarter were $31.3 million, up 24% from $25.3 million in the same period prior year. Coastal Contacts Inc.
shares T.COA are trading up $0.05 at $0.80.
