Chart Industries, Inc. Stock up 10% After Earnings: Here's Why

Chart's multi-industry exposure has helped it ride out the energy downturn. Image source: Chart Industries.

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What: Shares ofChart Industries, Inc.(NASDAQ: GTLS) are up 10.3% at 1:25 p.m. EDT on July 28, following release of the company's second-quarter financial report before market open. After today's gain, that puts shares of Chart up nearly 64% since the start of 2016, and they have more than doubled since bottoming out in late January:


So what: Chart reported net income of $21.2 million in the quarter, or $0.68 per share. Adjusted for one-time restructuring and acquisition-related costs, profits would have been $2.1 million higher, or $0.04 per share.The company earned $17.2 million in the year-ago quarter, or adjusted earnings of $18.9 million.

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