1.33%SPY 122.59 1.16%XLF 20.83 0.71%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - Shares of Mercury Computer Systems Inc., which makes computers and software for the military and other sectors, soared Monday as an analyst raised his estimates following a strong third-quarter report.
| MRCY | 8.44 |  -0.2 |
William Blair & Co. analyst Jeff Rosenberg said that the company was showing "aggressive growth" with strong earnings-per-share growth, based primarily on stronger-than-expected revenue growth.
The company showed improved potential for a turnaround, Rosenberg said, noting that it has shed several noncore businesses and reduced overall cost and part of a restructuring program.
Rosenberg noted that the company's quarterly earnings beat his estimates by 6 cents per share, and raised its fiscal 2008 earnings guidance. The analyst lifted his fiscal 2008 earnings estimate to 15 cents per share.
Mercury shares rose $1.54, or 21.3 percent, to $8.78 shortly before the closing bell. They have traded in the last year between $4.37 and $16.50.
Gold headed back to revisit Tuesday's low of $790 and then recovered once again before the close of futures trading, to climb back to just a...
Stephenie Meyer, who wrote 'Twilight', will not continue writing ...
IN THE HEADLINES McCain caps GOP convention vowing 'change is coming' to Washing...
Professional Website Design For Corporate - Get a Free Quote Today
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
