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Why 22nd Century Group Stock Just Lit Up

TheMotleyFool

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Why 22nd Century Group Stock Just Lit UpPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/0e9d087d-988e-4397-b7cf-6049e2776769.png

Shares of 22nd Century Group (NYSEMKT: XXII) are up a strong 14.6% in 11:45 a.m. EST trading Friday after the "plant biotechnology" company reported fourth-quarter earnings yesterday.

22nd Century Group didn't "beat" earnings, exactly. Its $0.05 per-share reported loss was worse than the $0.03 loss predicted by the sole analyst who covers it. But the company's $7.3 million in sales for the quarter did beat the analyst's predictions for sales -- $6 million.

Image source: Getty Images.

Source Fool.com

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