Vita soars on earnings guidance

The telecommunications retailer has issued impressive earnings guidance for the first half of 2014-15, fueled by the strong performance of its Telstra network of stores and the launch of the iPhone 6.

We first called Vita Group (VTG) a "buy" at $0.70 on March 26 this year. The company exceeded our expectations for the full-year result, and has again exceeded our expectations for the first half guidance of 2014-15.

After the positive guidance today the company hit a high of $1.32, or an 89% gain since the initial recommendation.

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