Why Kandi Technologies Stock Popped After Earnings
Shares of Kandi Technologies (NASDAQ: KNDI) raced out of the gate Monday morning and roared to a 10.6% gain by 12:50 p.m. EDT after the Chinese electric-car maker announced estimate-thumping earnings for its fiscal second quarter 2021.
Analysts had forecast that Kandi would book only $20.8 million in revenues for Q2 and lose $0.18 per share. Instead, Kandi reported this morning that its sales were $29.9 million -- and it earned a $0.54 per-share profit.
Image source: Getty Images.
Source Fool.com
