FEI Company Up 13.5% On Earnings Beat (FEIC)

Shares of Hillsboro, Oregon-based FEI Company FEIC are currently up 13.5% at $31.55 per share during Friday morning trading. Today's trading range for shares of FEI Company has been between $30.63 and $31.73 per share. The consensus price target of analysts covering the company's stock is $29.63 per share. Volume of 717,000 shares is is already more than double the daily average volume of 324,000 shares. FEI Company (FEIC) released financial results Thursday after the market closed that easily beat Wall Street estimates. FEI Company reported 4th quarter earnings of 52 cents per share, on revenue of $186.1 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 39 cents per share, on revenue of $171.96 million. The company provided 1st quarter guidance for earnings in the range of $0.43 to $0.49 per share, on revenue in the range of $180 million to $190 million. FEI Company is a leading diversified scientific instruments company that provides electron and ion-beam microscopes and tools for nanoscale applications globally and across many industries: industrial and academic materials research, life sciences, semiconductors, data storage, natural resources and more. Read more from Benzinga's Company news.