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SWS Group Closes At Yearly High On Quarterly Results
8/28/2008 4:14 PM ET
(RTTNews) -
Following the release of quarterly results, SWS Group, Inc. (SWS: News ) rose in stages for most of Thursday's trading.
The stock ended the session at $20.56 up $2.06 from Wednesday's close.
The advance came on above average volume and took the stock over resistance and to its highest level in a year.
The company reported net income of $8.4 million, or $0.31 per share, for the fourth quarter compared to $7.0 million, or $0.25 per share, in the prior-year quarter.
Quarterly revenues advanced 34% to $87.8 million from $65.5 million in the prior-year quarter.
Analysts were looking for earnings of $0.29 per share.
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
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