West Pharmaceutical Services (WST) 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.
by RTT Staff Writer
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