Why Butterfly Network Stock Is Soaring 20% Today

Shares of Butterfly Network (NYSE: BFLY) soared over 20% on Tuesday morning after the company released preliminary results for its fourth quarter and full-year 2021 earnings. As of 12:05 p.m. ET today, the maker of ultrasound devices is up 19.8% for the day.

Before the market opened this morning, Butterfly Network put out a press release outlining its financial results for the end of 2021. Revenue for the fourth quarter is expected to be between $17.9 million and $18.9 million, and full-year revenue is expected to be between $61.5 million and $62.5 million.

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Source Fool.com