NEW YORK (TheStreet) -- Shares of MusclePharm Corp. (MSLP) are surging 17.09% to $9.25 on Monday after the company reported an increase in net sales and net income for the 2014 first quarter.
The company, which develops, markets and sells athlete-focused nutritional supplements, reported net sales were up, to $50.2 million from $22.6 million during the year ago quarter.
Net income for the 2014 first quarter was $2.7 million, or 23 cents per diluted share, compared with a net loss of $7.4 million, or $1.78 per share for the 2013 first quarter.
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