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Why Brightcove Stock Skyrocketed Today

TheMotleyFool

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Shares of Brightcove (NASDAQ: BCOV) jumped today after the company reported better-than-expected sales and earnings for its fourth quarter of 2020.

The tech stock had gained 17.8% as of 3:28 p.m. EST.

Brightcove reported adjusted diluted earnings per share of $0.14 for the quarter, easily surpassing Wall Street's expectation of $0.06. The company's fourth-quarter revenue of $53.7 million outpaced analysts' consensus estimate of $49.8 million.

Source Fool.com

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