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Why CPI Card Group Stock Jumped 13% on Wednesday

TheMotleyFool

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Shares of credit card manufacturer CPI Card Group (NASDAQ: PMTS) jumped in early trading on the Nasdaq Wednesday, up 13.2% through 10:30 a.m. ET after the company reported a tremendous year-over-year increase in per-share profits.

Heading into Q4, the single analyst covering CPI had forecast the company would earn $0.37 per share on quarterly sales of $103.3 million. CPI beat those numbers handily, however, on both the top and bottom lines. Revenue for the quarter was $126.4 million, 22% better than expected. Earnings came in at $1.06 per share, nearly three times the forecast amount.

It gets better.

Source Fool.com

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