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Why Allbirds Stock Was Soaring Today

TheMotleyFool

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Shares of Allbirds (NASDAQ: BIRD) were moving higher today after the footwear company posted strong results in its second-quarter earnings report, topping estimates on the top and bottom lines.

As of 12:24 p.m. ET, the stock was up 25.5%.

Allbirds continued to struggle in the quarter, but stock movements are all about performance relative to expectations, and the company did top expectations.

Source Fool.com

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