Why Fiverr International Stock Skyrocketed Today
Shares of Fiverr International (NYSE: FVRR) rose as much as 22.5% on Wednesday morning, boosted by a robust earnings report. By noon EST, the freelancer marketplace operator's stock had retreated slightly to a 16.3% gain.
In the third quarter of 2021, Fiverr's sales jumped 42% higher year over year to $74.3 million. Your average analyst would have settled for revenue in the neighborhood of $71.1 million. On the bottom line, adjusted earnings increased from $0.13 to $0.19 per diluted share. Here, the Street expected a net loss of $0.01 per share.
The third-quarter results also exceeded the top ends of Fiverr's guidance ranges across the board.
Source Fool.com
