Why Angel Studios Stock Flew Higher Today
Angel Studios (NYSE: ANGX) stock soared 15.4% through 11:40 a.m. ET Friday after reporting better than expected Q1 earnings last night. More precisely, Angel reported a smaller-than-expected loss; Wall Street had predicted Angel would lose $0.11 per share in Q1.
Angel actually lost only $0.08 per share, however, and Angel's sales took flight, soaring 143% year over year.
Image source: Getty Images.
Source Fool.com
