Shares of Willdan Group, Anaheim’s most valuable publicly traded company (Nasdaq: WLND), shot up 20% in after-hours trading after reporting second-quarter results that surpassed analyst estimates.
Shares of the provider of environmental engineering services climbed to $39 after closing the day at $33.18 and a $458 million market cap.
The company reported an adjusted profit of 55 cents a share on revenue of $72.5 million, topping the average of two analysts for a 29-cent profit on $63.7 million in sales.
“We had a strong second quarter, exceeding consensus estimates and our own expectations,” Chief Executive Mike Bieber said in a statement. “The electric load growth macrotrend strengthened over the quarter, fueled by growth in electricity demand at data centers from artificial intelligence.”
The company boosted its annual forecast to a profit of $2 to $2.10 a share on sales of $280 million to $290 million. The analysts expected $1.85 a share on sales of $280.1 million.
