APKT beats on Sales & EPS..Guidance increased also !!!!!!

APKT ER came as follows :

Sales expected $71.32 million, actual $74 million..a beat by $2.68 million or +3.76%

EPS expected 25 cents, actual 27 cents a beat by 2 cents or +8%

Guidance for full year 2011 raised as follows :

Sales previous $300 million  raised to $312.50 million taking mid point an increase of $12.50 million or +4.17%..year over year increase of +35% vs 30% previous...

EPS increased to $1.1250 from previous $1.05 an increase of 7.5 cents or +7.15%....year over year increase of 40%......

Conference call was upbeat & extremely confident of their position in market place which is growing...

APKT expect sequential growth in Sales & EPS every quarter.

APKT trading @ $75.26 bid vs close of $76.91 down $1.65...in after hour it went down to $69.01 & high was $79.03.....it is WISE to never sell before listening to conference call.

I expect analysts upgrade & stock price target increased.

BLOG does NOT give buy or sell.

Saleem