Valspar Corp. (VAL) reported second quarter adjusted EPS of $0.91 Tuesday morning, up from $0.84 a year ago. The consensus estimate was for EPS of $0.90. The company also backed its full year adjusted EPS guidance of $3.60 to $3.80. The consensus estimate is for EPS of $3.68.
Valspar rose steadily until 1:00PM Tuesday and took out the session highs going into the close. The stock finished with a gain of 3.60 at $71.46. Valspar surged past resistance and set a new high for the year.
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