Sharply higher earnings announced Tuesday by Imperial Sugar Co. sent the Sugar Land-based company's stock soaring.
Imperial (Nasdaq: IPSU) reported fiscal first-quarter income from continuing operations of $1 per share, nearly triple the earnings from the same quarter a year earlier. Fueled by the robust earnings growth, Imperial Sugar's stock ended the regular session at $23.06 Tuesday, up 27.8 percent for the day, after surging to a new 52-week high of $23.67. It closed Monday at $18.05. So the stock on Tuesday was up $5.01 in the regular session, a one-day gain of 27.8 percent. "
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