Why AirSculpt Technologies Stock Is Soaring Today

Shares of AirSculpt Technologies (NASDAQ: AIRS) were soaring 19.9% higher as of 11:21 a.m. ET on Friday. The big gain came after the company announced its second-quarter results earlier in the day.

AirSculpt reported Q2 revenue of $49.7 million, up 42% year over year. This result easily beat the consensus estimate of $44.4 million.

The company posted earnings of $583,000, or $0.01 per share, in the second quarter -- lower than earnings of $10 million in the prior-year period. However, the average estimate of analysts surveyed by Refinitiv was for no earnings.

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Source Fool.com