Griffon Corp Stock Jumps 9% Following Strong Earnings Growth For Q1

(RTTNews) - Griffon Corp. (GFF) is up by 9.38 percent during Wednesday trading, increasing $6.97 to $81.28. The stock surged after the company reported strong earnings for the first quarter, with net income rising to $70.9 million, or $1.49 per share, compared to $42.2 million, or $0.82 per share, in the same quarter last year.

GFF is currently trading at $81.27, up $6.97 from the previous close of $74.31. The stock has fluctuated today, reaching a high of $84.00 and a low of $77.66. Trading volume has reached 315,638 shares, below the average volume of 424,074.

The strong earnings performance helped drive the stock up, and it remains within its 52-week range of $55.01 to $86.73.