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Bucyrus Shocks Street with Bullish Quarter
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SOUTH MILWAUKEE, Wisc. (TheStreet) -- Bucyrus(BUCY), the mining equipment manufacturer, said its business grew in the third quarter and posted a profit that blew past Wall Street estimates.
Investors (ahem) dug the news, sending shares of Bucyrus up by more than 13% early in Friday's regular session. The stock was recently changing hands at $47.92 on heavy volume.
After the market close Thursday, Bucyrus posted third-quarter earnings of $92 million, or $1.21 a share, up from $64 million, or 85 cents share, a year ago.
Revenue edged up by 4.6% to $676 million. ...
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