The market may be moaning, but our dynamic pick BOOM stunned with outstanding results! It reported Q2 EPS of $0.29, 2 times more than the analyst estimate of $0.15. Revenue for the quarter came in at $54.2 million versus the consensus estimate of $49.72 million. In addition, it raised the 2011 sales-growth forecast to around 30%.
The stock surged around 25% today post earnings! Yet, another example, of how investing in our quality hidden, unheard companies and being patient can be rewarding.
We continue to like BOOM.