Why SI-Bone Stock Was Crushing It Today
Highly specialized medical device company SI-Bone (NASDAQ: SIBN) was looking rather special on the stock market Tuesday. Its shares were flying nearly 18% higher in mid-session action, thanks in large part to an earnings report that featured better-than-expected fundamentals. SI-Bone's rise was well higher than the S&P 500's (SNPINDEX: ^GSPC) 0.3% bump higher at that time.
SI-Bone took the wraps off its third-quarter numbers just after market close on Monday, divulging that its revenue was $48.7 million for the period. That represented a very healthy year-over-year increase of almost 21%.
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Source Fool.com
