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Abiomed Inc. (ABMD) Surged To A New High On Better Than Expected Q3 Earnings

Abiomed Inc. (ABMD) reported third quarter adjusted EPS of $0.70 Thursday morning, up from $0.34 a year ago. The consensus estimate was for EPS of $0.51.

Abiomed rose steadily until mid-morning Thursday, before settling into a range. The stock closed up by 18.13 at $253.13 on above average volume. Abiomed has been on an upward trend for the past month and set a new high for the year.

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