Why SolarWinds Stock Had a Sunny Day

Shares of SolarWinds (NYSE: SWI) had a sunny trading day, closing out the session with gains of 12% after the company reported second-quarter earnings. It also said it was exploring a potential spinoff.

Revenue in the second quarter was $246 million, which translated into adjusted earnings per share of $0.25. The consensus estimates had called for sales of $246 million and adjusted earnings per share of $0.20. The information technology software company's adjusted recurring revenue was $212.9 million, consisting of $116.5 million in maintenance revenue and $96.4 million in subscription revenue.

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Source Fool.com