Why Hortonworks Shares Soared Today

Shares of Hortonworks (NASDAQ: HDP) have soared today, up by 19% as of 12:30 p.m. EDT, after the data software specialist reported second-quarter earnings.

Revenue in the second quarter totaled $61.8 million, up 42% year over year. The company posted a non-GAAP net loss of $28.6 million, or $0.44 per share. Both top- and bottom-line results easily soared past consensus estimates, which were targeting $57.4 million in sales and an adjusted net loss of $0.50 per share.

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Source: Fool.com