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What: Shares of industrial product maker Dynamic Materials (NASDAQ:BOOM) jumped as much as 12% today after reporting earnings.
So what: Revenue rose 19% in the quarter to $57.9 million and net income was up 30% to $3.4 million, or $0.25 per share. Analysts were only expecting $54.6 million in revenue and $0.21 per share in earnings so it was a solid beat all around.
Now what: The bad news going forward is that full-year revenue growth expectations were lowered to 6%-8% from 8%-10% previously. But part of this is based on the way projects are accounted for and may just push revenue into next year. I'd like to see more momentum on the bottom line but if management can execute on its growth plan both the bottom line and the stock price should improve going forward.
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Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool recommends Dynamic Materials. The Motley Fool owns shares of Dynamic Materials. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.