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SXC Health Solutions (SXCI) Rose To A New High On Strong Guidance News

SXC Health Solutions (SXCI: Quote) reported fourth quarter net income of $0.42 per share Thursday morning, compared to $0.26 per share in the previous year. The consensus estimate was for EPS of $0.48. The company expects to report full year 2012 adjusted EPS of $2.37 to $2.45. The consensus estimate is for EPS of $2.28.

SXC Health Solutions gapped open sharply higher Thursday and climbed during the first hour of trade. Shares were range-bound for the remainder of the session and closed up by 3.83 at $67.36 on above average volume. The stock broke out of a month and a half long range and set a new high for the year.

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by RTT Staff Writer

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