Investing.com - Virco reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Virco announced earnings per share of $0.6 on revenue of $82.8M. Analysts polled by Investing.com anticipated EPS of $0.43 on revenue of $91.5M.
Virco shares are up 61% from the beginning of the year, still down 2.76% from its 52 week high of $5.00 set on August 17.
Virco shares gained 14.68% in intra-day trade following the report.
Virco follows other major Industrials sector earnings this month
Virco's report follows an earnings missed by Deere&Company on August 19, who reported EPS of $6.16 on revenue of $13B, compared to forecasts EPS of $6.65 on revenue of $12.93B.
COSCO SHIPPING ADR had matched expectations on August 30 with third quarter EPS of $1.67 on revenue of $15.25B, compared to forecast for EPS of $1.67 on revenue of $15.26B.
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