Judges Scientific to exceed current market predictions

Shares in instruments maker Judges Scientific rose on Wednesday after the company revealed that it is confident that adjusted earnings per share for the full year will exceed current market expectations.

Shares in instruments maker Judges Scientific rose on Wednesday after the company revealed that it is confident that adjusted earnings per share for the full year will exceed current market expectations.

The current consensus EPS forecast is 63.4p.

In a brief statement the company revealed that in the second half of the 2012 financial year, the group's businesses have generated satisfactory orders, sales and margins.

It also said that the Global Digital Systems business that was acquired in March 2012 has traded in line with the board's estimates at the time of the acquisition.

Broker Westhouse Securities said of the stock: "We have positioned Judges Scientific as a mini Halma/Spectris and today's upgrade indicates that there are good underlying businesses within the group which will be boosted by acquisitions."

The share price rose 3.59% to 937.50p by 14:38.

NR

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