EPS was 48 cents, against expectations of 38 cents. The company raised its full-year EPS guidance to $1.43 to $1.50, versus previous guidance of $1.19 to $1.29.
Just prior to reporting its quarterly performance, the company announced plans to offer an aggregate of 7.1 million shares of its common stock in an underwritten public offering.
The Wall Street Journal noted that this dilution isn't likely to be perceived positively by investors, as it adds millions of additional shares to the pool of holders among whom profits must be shared.
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