Why Lightspeed Stock Spiked Today
Shares of Lightspeed POS (NYSE: LSPD) rose quickly today after the company released better-than-expected results for the fourth quarter.
The tech stock was up by 14.1% as of 11:22 a.m. EDT.
Lightspeed reported sales of $82.4 million for the quarter, a massive increase of 127% from the year-ago quarter. Investors were likely excited to see such a significant jump in sales, but they were also happy that Lightspeed's adjusted loss per share of $0.09 beat analysts' consensus estimate of a loss of $0.10 per share for the quarter.
Source Fool.com