What Happened?
Shares of commercial lighting and retail display solutions provider LSI (NASDAQ:LYTS) jumped 26% in the morning session after the company reported strong fourth-quarter results, which beat analysts' revenue, EBITDA, and EPS expectations by convincing amounts. The company attributed the success partly to demand from grocery customers, who "generated sales growth over 50% in the quarter driven by the resurgence in refrigerated and non-refrigerated display case demand". Overall, this was an impressive quarter.
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What The Market Is Telling Us
LSI’s shares are somewhat volatile and have had 12 moves greater than 5% over the last year. But moves this big are rare even for LSI and indicate this news significantly impacted the market’s perception of the business.
LSI is up 27% since the beginning of the year, and at $24.61 per share, has set a new 52-week high. Investors who bought $1,000 worth of LSI’s shares 5 years ago would now be looking at an investment worth $3,711.
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