Frequency Electronics stock hit record highs after reporting a 485% surge in earnings from continuing operations, easily surpassing market expectations for the July-ended quarter.
Frequency Electronics beat sales and profit expectations, causing a 35% stock surge.
Frequency Electronics (FEIM) shares climbed 35% to an all-time high following a strong quarterly performance. The company significantly outperformed analyst expectations, with earnings from continuing operations jumping 485% for the period ending in July.
The stock price jumped after the company reported financial results for the July-ended quarter that significantly beat analyst expectations for both sales and profits.