Canada Goose Sharply Higher After Q4 Beat In Its First Report Since IPO

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Canada Goose Holdings IncGOOS
shares are trading higher by $1.79 or nearly 10 percent at $20.50 in Friday's session. In its first earnings report since its March IPO, the company has posted a Q4 EPS CAD beat of a nickel with sales at $51.1 million. Also, the company expects three-year growth in the mid to high teens.

After a higher open, above its former all-time high made on Thursday at $19.43, it rallied another $0.23 to $21.05 before reversing course. So far, the ensuing decline has taken the issue to $20.10 and is not far off that low.

In order to post a new all-time closing high, it will need to end the session over Thursday's close of $18.71.

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