Here's Why Livongo Health Gained 40.2% in April
Shares of Livongo Health (NASDAQ: LVGO), a digital healthcare company, soared 40.2% in April, according to data from S&P Global Market Intelligence. The company hasn't reported official first quarter earnings yet, but preliminary figures released last month encouraged the market to drive the stock higher.
Despite state lockdowns to prevent more COVID-19 outbreaks, Livongo will beat its own forward estimate with topline revenue in a range between $65.5 million and $66.5 million. Previously, the company guided first quarter revenue to a range between $60 million and $62 million.
Image source: Getty Images.
Source Fool.com
