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What: Shares of hydraulic component maker Sun Hydraulics
So what: Revenue rose 60% in the first quarter to $50.7 million as capital spending returned to a growth phase for the company. That top line growth flowed through to the bottom line, where earnings per share rose 185% to $0.57, crushing the $0.46 expectation from analysts.
Now what: Outlook for the second quarter of $53 million in revenue and earnings per share between $0.57 and $0.60 also topped expectations so Sun hit the earnings trifecta. Considering the strong expectations this quarter's results don't look like a one-time event. Sun Hydraulics already hit a new 52-week high today and I think these results will help propel the company even higher.
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