RadiSys Corp. (RSYS) reported fourth quarter adjusted EPS of $0.05 after the close Tuesday, down from $0.08 in the previous year. The consensus estimate was for break-even results. The company expects to report first quarter non-GAAP EPS between break-even and $0.06, compared to the consensus estimate of $0.04.
RadiSys gapped open higher Wednesday and rose steadily during the first 2 hours of trade. The stock ended the day higher by 1.34 at $7.37, with volume at a 6-month high. RadiSys surged to a 5-month high and re-crossed its 200-day moving average.
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