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.

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Source Fool.com