Why Shares of Opera Surged Today

Shares of Opera (NASDAQ: OPRA) jumped on Thursday after the web browser developer reported its third-quarter results. The company beat analyst estimates for revenue and earnings by wide margins, sending the stock up 18.6% by 11:05 a.m. EST.

Opera reported third-quarter revenue of $93.7 million, up 119% year over year and $16.1 million above the average analyst estimate. Search revenue grew 13% to $21.5 million; advertising revenue grew 17% to $18.3 million; and retail revenue more than doubled to $6.0 million. Revenue from fintech was $39.9 million, tripling from the second quarter.

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Source Fool.com