Exponent Inc: Shares jump on beat-and-raise quarter

Exponent

19/07/2019 18:24

** Shares of science and engineering consultancy company
 EXPO.O  up 10.1% at $67.74, hitting record high after co raises
FY rev, EBITDA forecast
    ** Co reports Q2 rev of $106.5 mln, beating Wall Street's
expectation of $100.9 mln; profit of 39 cents/shr vs est. of 33
cents/shr
    ** Co has surpassed its rev, profit expectations for eight
straight quarters - Refinitiv data
    ** 3 of 5 brokerages rate the stock "buy", 2 "hold"; median
PT is $66.50
    ** Stock has risen ~32% YTD vs a 23.9% rise in the Nasdaq
composite index  .IXIC 

 (Reporting by Chinmay Rautmare in Bengaluru)
 ((Chinmay.Rautmare@thomsonreuters.com;))