Why Veon Stock Was Crushing It Today
Investors were happy to take a call from Veon (NASDAQ: VEON) as the trading week kicked off. The telecom's American depositary shares (ADSes) were rising by more than 15% in late-session trading Monday thanks to a quarterly earnings report that was well received by market players. That rise was significantly higher than the S&P 500 index's 1.6% gain at that point.
Well before market open that day, Veon -- which reports in U.S. dollars despite being headquartered in Dubai and operating entirely overseas -- took the lid off its third-quarter results. For the period, it earned $1.12 billion in revenue, for a nearly 8% improvement over the year-ago quarter.
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Source Fool.com
