Why Opera Stock Is Surging Today
Opera (NASDAQ: OPRA) stock is seeing big gains Thursday following better-than-expected quarterly results. The company's share price was up 14.3% as of 10:30 a.m. ET, according to data from S&P Global Market Intelligence. The stock had been up as much as 19.9% earlier in the daily session.
Opera published second-quarter results before the market opened this morning, posting sales and earnings for the period that came in ahead of Wall Street's expectations. In addition to the Q2 sales and earnings beats, the company also issued encouraging forward guidance.
Opera recorded earnings per share of $0.22 on sales of $109.7 million in the second quarter. The performance came in far better than the average analyst estimate, which had guided for per-share earnings of $0.16 on sales of roughly $108.5 million.
Source Fool.com
