Stanley (SXE) Up 10% Midday on Strong Earnings, Wells Upgrade
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Stanley Inc. (NYSE: SXE) is trading higher today up $2.65, or about 10%, to $28.44.
The company reported strong earnings and was also upgraded by Wells Fargo this morning. Stanley reported EPS 7c above the Street yesterday, and also raised their Q3 guidance above Street estimates.
Wells also commented that "Despite intraquarter concerns around the pace of new business, Stanley easily beat top- and bottom-line expectations. Revenue was $217 million and EPS $0.49. Our estimates were $208 million and $0.41, respectively."
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