Applied Signal Technology (APSG) reported second quarter EPS of $0.31 after the bell Tuesday, up from the $0.16 posted last year. The consensus estimate was for EPS of $0.20.
Applied Signal Technology gapped up sharply Wednesday, but was range-bound for the majority of the session. The stock finished up by $3.05 at $25.04 on strong volume and set a new high for the year.
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