Amira Nature Foods Soars On Beat, Above 200-Day Line

Amira Nature Foods (ANFI) stock spiked after the Indian specialty rice supplier beat fourth-quarter estimates on rising product demand. Earnings rose 11% to 52 cents, 3 cents above forecasts. Revenue grew 22% to $226.8 million vs. views for $217.3 million. The Dubai-based company, which sells Basmati rice and other grains, said it expects "double-digit fiscal 2016 revenue" growth, and reaffirmed its long-term guidance for $1 billion in revenue.

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