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Cemtrex (CETX) Stock Surging on Q3 Revenue Beat

NEW YORK (TheStreet) -- Shares of Cemtrex (CETX) were soaring 25.62% to $6.37 on heavy trading volume mid-afternoon Monday after the company posted better-than-anticipated revenue for the 2016 third quarter.

Before today's market open, the Farmingdale, NY-based diversified industrial and manufacturing company said revenue jumped 69% to $24.7 million year-over-year. Analysts were looking for revenue of $21.5 million.

Net income for the quarter rose to $1.47 million from $828,758 last...