Aceto posts 83 percent jump in fiscal 3Q profit

For the three months ended March 31, the company earned $3.3 million, or 13 cents per share, up from a profit of $1.8 million, or 7 cents per share, in the same period a year earlier.

Revenue climbed 30 percent to $98.3 million from $75.9 million. The company said its results were boosted by a 41 percent rise in revenue from its health sciences division, and an 18 percent increase in chemicals and colorants segment sales.

Shares added $1.17, or 17 percent, to $8.07. The stock has traded in the 52-week range of $5.79 and $9.82, and is off nearly 14 percent since the start of the year.