Republic Airways Surging After Earnings (RJET)

Republic Airways Holdings RJET reported a blowout second quarter on August 3rd. According to analysts at Dahlman Rose, "2Q10 earnings were impressive and exceeded expectations. Republic Airways reported a 2Q10 positive EPS surprise of $0.45 vs. $0.41 last year, excluding non-recurring charges and compared to our estimate of $0.14." The firm has raised its earnings expectations for RJET and increased the price target on the stock to $8 from $7. During today's trading session, RJET shares have gained 5.60% to $6.98.