Why Spotify Stock Jumped 13% This Week
Shares of Spotify (NYSE: SPOT) are up 13.1% so far this week, according to data provided by S&P Global Market Intelligence. The global audio streamer reported its third-quarter results before the market opened on Wednesday, and beat revenue expectations for the period.
According to the report, Spotify broadly exceeded expectations. Revenue came in at $2.95 billion, beating analysts' consensus estimate of $2.9 billion.
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Source Fool.com