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 up sharply Thursday and spiked higher in early trade, before settling into a range. Shares finished with a gain of 14.66 at $206.68 on above average volume. The stock broke out past resistance and set a new high for the year.
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