MVSN had a very strong day on Wednesday, trading up over 10% to finish the regular session at $25.07 after the company reported strong Q1 earnings results. Volume was strong on the day, with over 3.6 million shares of the company changing hands, compared to a normal daily average of just over 470k shares traded. MVSN reported Q1 earnings of 25 cents per share on revenues of $57 million dollars, easily beating analyst expectations of 18 cents per share of earnings. For FY 2006, the company said that it expects to earn between $1.03-$1.07 per share on revenues of $239 - $249 million dollars, compared to analyst expectations of $95 cents per share of earnings on revenues of $237.16 million dollars. MVSN set a new 52 week high on the news today of $25.95 before pulling back and closing at $25.07.
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