Why Castlight Health Stock Is Jumping Today

Shares of healthcare navigation specialist Castlight Health (NYSE: CSLT) are rising sharply on Friday after the company announced better than expected first-quarter 2021 financial results. Castlight Health's stock was up by 11.6% as of 2:39 p.m. EDT.

During the first quarter, Castlight Health recorded revenue of $35.1 million, compared to the $39 million in revenue it recorded during the first quarter of the fiscal year 2020. Also, the company reported a net loss per share based on generally accepted accounting principles (GAAP) of $0.02, compared to a GAAP net loss per share of $0.38 in the first quarter of 2020. Analysts tend to be more interested in non-GAAP (adjusted) bottom lines, however.

Image source: Getty Images.

Source Fool.com