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West Pharmaceutical Services (WST) Surged To Over An 8-Month High On Forecast

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West Pharmaceutical Services (WST: Quote) announced Tuesday morning that it now expects to report first quarter adjusted EPS of $0.83, and reported EPS of $0.81. Full year 2012 adjusted EPS is now expected to be between $2.50 and $2.67, compared to prior guidance of $2.37 and $2.58.

West Pharmaceutical Services gapped up sharply Tuesday and climbed during the first half hour of trade. Shares advanced further in the afternoon and finished up by 5.12 at $45.5 on the highest volume of the year. The stock surged to an 8 1/2 month high and re-crossed its 50-day moving average.

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by RTT Staff Writer

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