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.
