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20-20 Technologies Inc.

04:10 PM EST - 20-20 Technologies Inc. : Reports its second-quarter net income dropped to $273,000 U.S. from $621,000 U.S. last year. Earnings per share for the latest quarter were $0.01 U.S., lower than $0.03 U.S. in the year-ago period. The company reported revenues of $17.15 million U.S., up 13.2% from $15.16 million U.S. in the previous year, due to constant dollar growth mainly related to improving market conditions in the U.S., particularly in the Home sector, and to a lesser extent from favorable currency exchange rates. Operating income for the second quarter was $1.8 million U.S. compared with $1.7 million U.S. last year. 20-20 Technologies Inc. shares T.TWT are trading even at $3.25.