Hypercom Hits 52-Week High (HYC)
Shares of Hypercom Corporation (NYSE: HYC) are currently up 12.6% at $6.61 per share during Wednesday afternoon trading. Today's trading range for shares of Hypercom Corporation has been between $6.25 and a 52-week high of $6.63 per share. The consensus price target of analysts covering the company's stock is $6.70 per share.
Volume of 3.1 million shares is far above the daily average volume of 699,000 shares.
Hypercom Corporation (HYC) released financial results after the market closed on Tuesday that far exceeded Wall Street estimates. Hypercom Corporation reported 3rd quarter adjusted earnings of 16 cents per share, on revenue of $125.1 million.
A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 8 cents per share, on revenue of $112.59 million.
Hypercom Corporation's President and chief executive officer Philippe Tartavull said, “Global demand for our products and services has never been stronger. We are capturing significant market share in the Asia-Pacific region and in Europe. In the Americas, Tier 1 United States retailers are piloting our next generation L5000 multilane products and we are excited by the potential of these products to transform our presence in the market.”
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