Why Shares of Cimpress NV Rose 15% in October

Shares of print manufacturer Cimpress NV (NASDAQ: CMPR) rose 15.3% last month, according to data from S&P Global Intelligence.

Cimpress stock rose during October in anticipation of fiscal first-quarter 2018 earnings, which were released on Nov. 1. Investors' enthusiasm persisted into the new month, as the stock climbed another 10% from the beginning of November to date.

The company reported a vigorous revenue increase of 27% over the prior-year quarter, to $563.3 million. Stripping out currency exchange fluctuations and the effects of acquisitions and dispositions, organic revenue increased at a still-healthy rate of 12%.

Source: Fool.com