Why Control4 Shares Soared Today

Shares of Control4 (NASDAQ: CTRL) soared today, up by 19% as of 11:10 a.m. EDT, after the company reported third-quarter earnings. The bottom line came in well ahead of expectations.

Revenue in the third quarter came in at a record $64.7 million, which yielded non-GAAP net income of $9.6 million, or $0.35 per share. Analysts were expecting an adjusted profit of just $0.26 per share. On a GAAP basis, earnings per share was $0.19.

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Source: Fool.com