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Tuesday, October 11, 2011

Earnings Beats & Misses: (MG )

Mistras Group, Inc (MG ) announced their most recent earnings results for the quarter ended in August 2050. Analysts were expecting $0.1 per share, and the company reported $0.11 per share. Earnings beat analyst estimates by 10.0%. Investors could expect the stock price to increase as results were better than expected. Further analysis may need to be done to determine whether the upswing will come to effect. Guidance and revenue estimates must be taken into consideration.