Hi-Tech Pharmacal (HITK) reported second quarter net income of $0.66 per share Thursday morning, down from $1.04 per share last year. The consensus estimate was for EPS of $0.53. Revenues improved to $57.5 million from $56.9 million last year. Analysts expected revenues of $55.04 million.
Hi-Tech Pharmacal gapped open higher Thursday and rose steadily throughout the first hour of trade. The stock closed up by 4.20 at $35.25 on above average volume and set a 2-month high.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.