By Katherine Hamilton
Mesa Laboratories shares advanced after the company swung to a profit in the fiscal third quarter and said its end markets were stabilizing.
The stock rose 4.8% to $84.38 in late morning trading on Tuesday. Shares have gained 14% in the past three months.
The company, which provides quality-control tools, swung to a profit of $3.6 million, or 65 cents a share, from a loss of $1.7 million, or 31 cents a share, the year before.
Adjusted earnings were $3.07 a share, more than double the $1.40 that Wall Street was forecasting, according to FactSet.
The Lakewood, Colo., company also posted quarterly sales of $65.1 million, a 3.6% increase from the year-ago quarter. Analysts polled by FactSet expected $63.2 million in revenue.
Mesa said its end markets are stabilizing after a challenging macroeconomic environment plagued the start of its fiscal year.
Sales in its biopharmaceutical development business jumped about 18% to $14.4 million, driven by higher sales in immunoassays and peptides instruments.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 03, 2026 12:03 ET (17:03 GMT)
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