MROI soared on Friday, trading up over 27% to close the session at $20.68 after reporting Q2 earnings that pleased the market. Volume was heavy, with over 1 million shares of the stock changing hands, compared to a normal daily average of just over 113k shares traded. The company also traded up to a new 52 week high on the news, hitting $21.89, eclipsing its old 52 week high of $17.45. The company reported Q2 net income of 26 cents per share on revenues of $57.2 million dollars. The company said that it expects 2006 earnings of between 85-90 cents per share, higher than a previous forecast of 60-65 cents per share.
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