H. B. Fuller Ends Day Up 15.1% On Earnings And Outlook (FUL)

Shares of H. B. Fuller Company FUL ended the day up 15.1% at $23.00 per share. The company reported after the market closed on Tuesday adjusted earnings of 49 cents per share, on revenue that rose 5.5% to $360.2 million. The consensus Wall Street estimate called for earnings of 40 cents per share. President and chief executive officer Jim Owens said “The growth momentum that started in 2010 should carry over to 2011. In addition, past and current pricing actions should enhance our margins. Raw material costs are expected to increase modestly in the first half of the year compared to the fourth quarter 2010 levels. Overall, we forecast that our net revenue will increase by 8 to 10 percent and our net income will be between $1.75 and $1.85 per diluted share in 2011.” Today's trading range for shares of H. B. Fuller Company was between $21.32 and $23.08 per share. The consensus price target of analysts covering the company's stock is $24.33 per share. Volume of 1.4 million shares was far above the daily average volume of 225,000 shares. H. B. Fuller Company (FUL) is a leading global adhesives provider focusing on perfecting adhesives, sealants, paints and other specialty chemical products to improve products and lives. With fiscal 2010 net revenue of $1.36 billion, H.B. Fuller serves customers in packaging, hygiene, paper converting, general assembly, woodworking, construction, and consumer businesses. Read more from Benzinga's Company news.