Furmanite climbs 14% as Q2 net income doubles
Shares of Furmanite Corp. (NYSE: FRM) are up 13% on the heels of a before-opening announcement that the company had doubled its earnings and beat analystsʼ estimates for the second quarter.
For the three months ended June 30, the Dallas-based technical services firm reported net income of $7.7 million, or $0.21 per share, compared with $3.9 million, or $0.11 per share, for the same quarter last year.
Analysts on average had expected Furmanite to post earnings per share of $0.12.
During the quarter, Furmanite increased worldwide revenue by 21%.
At 2:47 ET , shares were at $10.29, up $1.20 from Thursdayʼs close. The stock has ranged between $6.70 and $13.00 in the past 52 weeks.For detailed price information and recent news stories about Guidance Software, click FRM.
