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What: Shares of equipment maker Chart Industries
So what: Adjusted earnings per share of $0.36 beat estimates of $0.32, and outlook for 2011 was strong as order intake picked up. For the year, the company expects sales of $710 million to $750 million and adjusted earnings per share of $1.70 to $1.90. Analysts expected revenue of $693 million and $1.78 in earnings per share.
Now what: Orders improved 24% from the third quarter and management is very upbeat on the prospects of profitability going forward. I think continued improvement in the economy will help drive orders, and the company's earnings will improve. I would like to see a little pullback after initial exuberance, but long term I am bullish on today's news.
Interested in more info on Chart Industries? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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