Here's Why Confluent Stock Is Surging Today
Shares of Confluent (NASDAQ: CFLT) are making big gains following the company's third-quarter earnings report. The data analytics specialist's stock was up roughly 13% as of 2:30 p.m. EDT in Friday's trading.
Confluent published its Q3 results after the market closed on Nov. 4, posting sales and earnings for the period that topped the market's expectations. The company reported a non-GAAP (adjusted) loss per share of $0.17 on revenue of $102.6 million, while the average analyst estimate had called for a per-share loss of $0.23 on sales of $90.7 million.
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Source Fool.com
