Graham advances on record order bookings in fiscal Q4
Shares of Graham Corp. (AMEX:GHM) spiked in morning trading after the vacuum systems and heat exchangers manufacturer said this morning that it booked record orders for its fiscal fourth quarter and said it remains optimistic about the outlook for its end markets and bookings pipeline. As a result of its latest robust quarter and new outlook, the New York-based firm raised its revenue guidance for both fiscal 2008 and 2009.
Shares leapt 21%, or $7.48, to $43.48 at 10:31 a.m. ET. For detailed price information and recent news stories about Graham, click GHM.
