Fushi Copperweld (FSIN) Shares Climb 6%

Shares of Fushi Copperweld, Inc. (NASDAQ: FSIN) were up more than 6% in afternoon trading, after the manufacturer of bimetallic wire products reported earnings above Wall Street expectations.

Fushi Copperweld reported 4th quarter net income of $10.1 million, or 34 cents per diluted share, compared to net income of $4.6 million, or 16 cents per diluted share, a year earlier.

Revenues for the 4th quarter of 2009 climbed 25.9% to $51.7 million, up from $41.1 million a year earlier.

Fushi Copperweld provided guidance for the 1st quarter of 2010 of between 22 cents and 24 cents earnings per share, and EPS for the year 2010 between $1.20 and $1.25.

Analysts expect the company to report EPS of 22 cents for the quarter and $1.22 for the year.