Why WiMi Hologram Cloud Stock Rocketed Higher Today
Shares of WiMi Hologram Cloud (NASDAQ: WIMI) were up 35% at 11:25 a.m. EDT on Wednesday after the company reported strong earnings results.
Revenue more than tripled year over year to RMB516 million ($79.9 million) for the first half of 2021. Net profits increased 40% year over year to RMB32 million ($5 million), even while the company significantly ramped up spending on research and development.
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Source Fool.com


