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Gardner Denver Inc (GDI) scored a recent high volume breakaway gap on the heels of a very strong quarter where the company also raised full year guidance. The stock has a FusionIQ Master score of 89 and also recently scored a new FusionIQ timing BUY signal. The point and figure target on the recent breakout is $ 62.00. Below are the fundamental highlights from the quarter for reference.
Compared to the first quarter of 2007:
- Orders increased 19 percent
- Revenues increased 12 percent
- Operating income grew 12 percent
- Net income increased 19 percent
- Diluted earnings per share increased 19 percent
- Company raises 2008 full-year EPS outlook range to $3.65 to $3.75
- Cash provided by operating activities exceeded $65 million in the
three-month period of 2008, compared to $37 million in the same
period of 2007
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