Precision Castparts Corp. (PCP) reported fourth quarter earnings per share from continuing operations of $2.82 Thursday morning, up from $2.31 a year ago. The consensus estimate was for EPS of $2.76.
Precision Castparts gapped open sharply higher Thursday and has spiked to the upside in early trade. Shares are now up 15.12 at $207.14. The stock has surged past resistance and has set a new high for the year.
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