Smart Balance Inc. (SMBL) reported fourth quarter adjusted EPS of $0.07 Thursday morning, up from $0.01 in the previous year. The consensus estimate was for EPS of $0.05.
Smart Balance rose sharply during the first hour of trade Thursday and extended its gains going into the close. Shares finished up by 1.25 at $6.90, with volume at nearly a 3-month high. The stock closed challenging resistance at the highs of the year, trading at nearly a 4-month high.
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