Why Shares of Hudson Technologies, Inc. Popped 31% Today
Shares of refrigerant supplier Hudson Technologies, Inc. (NASDAQ: HDSN) jumped as much as 30.5% in trading Thursday after the company reported second-quarter earnings. At 11:10 a.m. EDT shares had given up some gains, but were still up 22.2% on the day.
Quarterly revenue jumped 51% from a year ago to $52.2 million, and net income jumped 77% to $8.5 million, or $0.20 per share. Adjusted for one-time items, earnings were $0.22 per share. Analysts were anticipating only $46.3 million in revenue and $0.16 per share in earnings, so results easily topped expectations.
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Source: Fool.com
Hudson Technolgies Inc. Aktie
3,10 €
1,97 %
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