Why did Heska shares soar in yesterday's trading?

Shares in Heska Corp. rose more than 20 percent in Tuesday trading, rising $6.07 to close at $35.86. Why did shares in the Loveland veterinary products (Nasdaq: HSKA) climb so much? The overall veterinary market is healthy, company officials said, which was reflected in the company's first-quarter earnings. Revenues rose more than 19 percent to more than $27 million, above analysts' expectations of $23.2 million. Earnings also rose, to 17 cents per share. Analysts were expected a loss of 2 cents…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news