Why Ceco Environmental Stock Is Soaring Today
Ceco Environmental (NASDAQ: CECO) delivered a top-line beat in the quarter and raised its full-year revenue guidance. Investors are rallying to the environmental engineering company as a result, sending shares up more than 20% on Tuesday afternoon.
Ceco is an engineering and consulting company focused on the environment, providing solutions to improve air and water quality and optimize emissions management as well as wastewater treatment to a broad range of industries, including energy and transportation.
It is a much-needed service, and Ceco is seeing strong demand. The company earned $0.15 per share in the second quarter, matching analyst expectations, on revenue that at $129.2 million came in about $12 million ahead of expectations.
Source Fool.com
