Cybex Pops 25% on Strong Quarterly Results

Shares of Cybex CYBI are seeing much strength during Wednesday's trading session, after the company announced fourth quarter results, which were better than analyst's expected. Cybex reported results for the fourth quarter and year ended December 31, 2011. Net sales for the fourth quarter of 2011 were $43.1 million compared to $39.9 million for the corresponding 2010 period, an 8% increase. The Company reported net income of $34.7 million, or $2.03 per diluted share, compared to a net loss of ($57.1) million or ($3.34) per diluted share, reported for the corresponding 2010 period. Currently, shares of Cybex are trading 25% higher at $1.93.