UFPT Technologies hits record high on quarterly profit beat

UFP Technologies

02/11/2022 16:46

** Shares of packaging co and component manufacturer UFPT
Technologies Inc  UFPT.O  rise 9.6% to $101.75, hitting record
high
    ** Co reports Q3 adj. EPS of $2.56​​ per share, above
analyst expectations of 95 cents per share - Refinitiv data
    ** UFPT posts a 91.2% rise in quarterly revenue to $96.97
mln vs $50.72 mln in a year earlier quarter, also beating
expectations of $85.25 mln
    ** The Newburyport, Massachusetts-based co says Q3 sales to
the medical market increased 152.0% to $81.6 mln
    ** Including session's gain, stock up 44.8% YTD
 (Reporting by Pratik Jain)
 ((Pratik.Jain@thomsonreuters.com;))