Feihe International Inc. (ADY) reported first quarter net income from continuing operations of $0.40 per share Thursday morning, up from $0.23 per share last year. The consensus estimate was for EPS of $0.24.
Feihe International gapped open higher Thursday and climbed during the first half hour of trade. Shares rose further around mid-afternoon and closed up by 2.87 at $8.74 on the highest volume of the year. The stock broke out of a 3-week range and set a 9-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.