Why Shares of Hudson Technologies, Inc. Popped 31% Today

Shares of refrigerant supplier Hudson Technologies, Inc. (NASDAQ: HDSN) jumped as much as 30.5% in trading Thursday after the company reported second-quarter earnings. At 11:10 a.m. EDT shares had given up some gains, but were still up 22.2% on the day.

Quarterly revenue jumped 51% from a year ago to $52.2 million, and net income jumped 77% to $8.5 million, or $0.20 per share. Adjusted for one-time items, earnings were $0.22 per share. Analysts were anticipating only $46.3 million in revenue and $0.16 per share in earnings, so results easily topped expectations.

Image source: Getty Images.

Source: Fool.com