Northern Technologies: 3-month high after giving shine to outlook

Northern Technologies International

12/04/2018 18:11

** Rust and corrosion removing product maker's shares
 NTIC.O  climb 16 pct to $25.20, highest since Jan. 11, after co
raises full-year outlook
    ** Raises FY18 EPS estimates by 30 cents to range
$1.40-$1.45 and net sales forecast by $2 mln to $48 mln-$49 mln
    ** Q2 net sales jumped ~40 pct to $12 mln on higher sales of
products such as liquids and coatings, plastic and paper
packaging, cleaners  urn:newsml:reuters.com:*:nGNXbWgKsv
    ** Net income attributable surged more than three-fold to
$1.3 mln
    ** Stock up ~2 pct this year

 (Reporting by Medha Singh in Bengaluru)
 ((medha.singh@thomsonreuters.com))