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What's happening:Industrial gas processing and storage equipment makerChart Industries' stock is up more than 19% Tuesday.
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Why it's happening: It's funny how Mr. Market can respond to earnings. The company released the results for its fourth-quarter and full-year 2014 this morning, and frankly, they weren't exactly blowout. Chart Industries reported sales and gross margin declines in two of its three business segments, and its guidance for 2015 included a major drop in earnings per share, largely due to foreign currency exchange issues and the potential for an extended cheap oil environment.
However, the company continues to take steps to position itself for the future, with major investments in manufacturing in China and the U.S. to participate in the expansion of natural gas development for transportation and industrial applications. For more about the company's earnings, see our full write-uphere.
The article Why Chart Industries Stock Surged Almost 20% Today originally appeared on Fool.com.
Jason Hall has no position in any stocks mentioned. The Motley Fool recommends Chart Industries. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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