Polypore (PPO) surged nearly 13% Friday after the company reported a rise in Q1 EPS and revenue growth in line with analyst expectations.
The company also announced a long-term lithium separator supply agreement with Panasonic.
The high-tech maker of filtration systems reported adjusted Q1 EPS of $0.30 vs. $0.21 in the same period in 2013, on revenues of $161 million vs. $145.9 million. The Capital IQ consensus estimate was $0.32 EPS.
In late-morning trade, PPO was up 12.98% to $39.22.
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