Mistras Group shares jump on earnings beat

Mistras Group Inc. shares jumped in the extended session Wednesday after the asset protection services company topped Wall Street estimates for the quarter. Mistras shares rallied 7.2% to $20. The company reported fiscal second-quarter earnings of 39 cents a share on revenue of $194.8 million. Analysts surveyed by FactSet had estimated 26 cents a share on revenue of $186 million. Mistras forecast revenue of $710 million to $725 million for the year, while analysts expect $716.6 million.

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