CIRCOR International Inc. (NYSE:
CIR) is up nearly 20% today on Tuesday’s after-the-close announcement that the company was lifting its second-quarter earnings outlook. The Burlington, Mass.-based company said it now expects earnings per share of $1.04 to $1.10, up from previous estimates of $0.74 to $0.83 per share for the quarter ended June 29. CIRCOR produces fluid control products and valves and said its raised outlook is due to strong sales in its energy business and good margins. The company will release its second-quarter results after the market close on July 30.
In today’s trading, CIRCOR is up $9.88 to $60.10 at 10:51 ET, a 52-week high on above-average volume.
For detailed price information and recent news stories about CIRCOR International Inc., click CIR.
