BOOM - Why DMC Global Stock Just Popped 10.5%
DMC Global (NASDAQ: BOOM) has a fun ticker symbol. The reason it does is because of the business it's in: welding together metal plates through the heat and pressure created by explosions -- primarily for use in the oil and gas industry.
DMC Global investors are having a pretty fun day, too, as they watch their shares explode higher -- up 10.5% in 11:50 a.m. EDT trading -- after the company reported blowout earnings last night. Instead of the $0.09 per-share loss that Wall Street was expecting, DMC reported an $0.08 per-share profit.
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Why DMC Global Stock Just Popped 10.5%