ICOP Digital (ICOP) Drops 14.52% After Earnings Results

ICOP Digital ICOP had a pretty wild trading session today. It spiked 168.14% in the regular trading, before the release of the earnings results. ICOP Digitals (ICOP) reported 2Q 2010 earnings after the bell, and the stock dropped 14.52%. The results showed some improvement over the same period in 2009, as ICOP reported 16.3% increase in domestic sales. Revenues were 14% higher than the revenues from 2Q 2009. Compared to the same period last year, ICOP had a lower gross profit margin due to currency risks. In 2Q 2010 it reported gross profit margin of 42.8%, and in 2Q 2009 its gross profit margin was 53.3%. ICOP managed to post 18% lower operating loss, compared to the same period last year, as the company lowered its operating expenses.