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Why Anika Therapeutics Stock Crushed It Today

TheMotleyFool

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Why Anika Therapeutics Stock Crushed It TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Shares of Anika Therapeutics (NASDAQ: ANIK) were soaring 27.8% higher as of 3:07 p.m. EDT on Thursday. The biotech, which focuses primarily on pain management, tissue regeneration, and wound care, announced positive second-quarter results after the market closed on Wednesday.

Anika's revenue and earnings actually declined from the prior-year period. However, the company handily beat Wall Street analyst estimates on both the top and bottom lines.

Image source: Getty Images.

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