AO Smith Corp. (AOS) reported second quarter EPS of $0.79 Friday morning, down from the $1.06 posted last year. The consensus estimate was for EPS of $0.50. The company expects to report full year 2009 EPS between $2.05 and $2.25, which is above the consensus estimate of $1.95.
AO Smith Corp. gapped up Friday and climbed throughout the first 2 hours of trade. Shares rose further around the middle of the afternoon and closed higher by $3.46 at $39.00 on the highest volume in 3 months. The stock has been gaining for the last week and set a 9 1/2 month high.
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