The Dolan Company Shares Soar On Earnings Beat (DM)

Shares of The Dolan Company DM are currently up 12% at $12.39 per share during Wednesday afternoon trading. Today's trading range for shares of The Dolan Company has been between $11.25 and $12.75 per share. The consensus price target of analysts covering the company's stock is $16 per share. Volume of 505,000 shares is already more than double the daily average volume of 212,000 shares. The Dolan Company (DM) released financial results early Wednesday morning that beat Wall Street estimates. The Dolan Company reported 3rd quarter adjusted earnings of 41 cents per share, on revenue of $78.46 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 27 cents per share, on revenue of $75.8 million. Chairman, president and chief executive officer James P. Dolan said, "Our diversified business model served us well in the third quarter, allowing us to deliver more than 25% revenue growth and greater than 40% cash EPS growth amid a challenging business environment. For the quarter, our professional services division revenues grew by 40.9% on the strength of both our DiscoverReady and NDeX businesses." Read more from Benzinga's Company news.