An Earnings' Breakout

  • Posted by
  • on August 2nd, 2008

On Thursday, Innophos had reported second-quarter earnings of $2.74 a share, compared to a loss of 25 cent a share a year ago. Net sales for the quarter rose about 74 percent to $264 million.

Analysts, on average, expected the company to earn 73 cents a share, excluding exceptional items, on revenue of $211.9 million, according to Reuters Estimates.

Friday, IPHS rose 27% on 5 times the average traded volume.

The stock reached an all time high and will be an appetite bite for momentum investors in the following weeks.

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