Why Sensient Technologies Stock Soared on Friday
An estimates-crushing quarter was the spark that lit a fire under Sensient Technologies (NYSE: SXT) as the stock trading week came to a close. The rather under-the-radar company, which specializes in flavors, colors, and extracts used across industries such as food and pharmaceuticals, saw its shares rise by a meaty 24% on Friday.
Sensient booked revenue of just under $436 million in its first quarter, for a year-over-year improvement of more than 11%. Better, the company's net income under generally accepted accounting principles (GAAP) rocketed 28% higher to almost $44.2 million, or $1.04 per share.
Image source: Getty Images.
Source Fool.com
Sensient Technologies Corp. Aktie
112,00 €
0,00 %
Die Community zeigt leichtes Interesse an Sensient Technologies Corp. mit mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 122 € für Sensient Technologies Corp. impliziert eine leichte Steigerung gegenüber dem aktuellen Kurs von 112.0 €.
