Why West Pharmaceutical Services Stock Was Blasting Higher on Thursday

West Pharmaceutical Services (NYSE: WST) published its latest set of quarterly figures early Thursday morning, and investors were pleased to see the company did better than expected. They reacted by pushing the company's share price up by nearly 11%, easily eclipsing the 0.6% rise of the S&P 500 index.West Pharmaceutical booked net sales of just under $805 million in its third quarter, which was nearly 8% higher year over year. Net income according to generally accepted accounting principles (GAAP) also defied gravity, rising by 3% to $140 million. On a non-GAAP (adjusted) and per-share basis, the bottom line swelled to $1.96 from the year-ago $1.85. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool