Why Shares of EverCommerce Stock Soared Today
Shares of EverCommerce (NASDAQ: EVCM), a service commerce platform, were rising quickly today after the company reported its fourth-quarter financial results. The company's top line beat Wall Street's expectation for the quarter and EverCommerce issued full-year revenue guidance that likely impressed investors.
As a result, the software stock climbed 16.9% as of 2:14 p.m. ET.
EverCommerce reported a non-GAAP (adjusted) loss of $0.09 for the quarter, which was worse than the $0.02 loss in the year-ago quarter and much lower than analysts' consensus earnings estimate of $0.08 per share.
Source Fool.com
