Why Black Diamond Inc (BDE) Stock Is Soaring Today

Black Diamond Inc (NASDAQ:BDE) shares soared on Tuesday following the company’s Q4 earnings report.

In its earnings report for the fourth quarter of 2014, Black Diamond announced new strategic plans for its sporting brands. It announced that advisory firms Rothschild and Robert W. Baird would be working with it on these new plans and that it’s working toward growth for its brands, reports TheStreet.com.

Despite seeing sales rise 10% in Q4 2014 when compared to the same time last year, the company still missed earnings. It reported earnings per share of 9 cents. This is below the 11 cents per share expected by analysts, but above the 7 cents per share reported last year, Benzinga notes.

Black Diamond also saw 2.1 million BDE shares traded this morning. This is above the company’s average trading volume of roughly 210,000 shares a day, reports TheStreet.com.

BDE shares were up 36% as of Tuesday afternoon.

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