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Why Kopin Stock Spiked Today

TheMotleyFool

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Shares of Kopin (NASDAQ: KOPN) jumped today after the company reported fourth-quarter results that outpaced analysts' consensus revenue and earnings estimates.

The tech stock was up by as much as 28.9% Tuesday morning and had gained 18.4% as of 11:26 a.m. EST.

Fourth-quarter sales were $13.9 million, an increase of 60% year over year, and higher than Wall Street's estimate of $9.3 million. The company also outpaced analysts' consensus estimate of a $0.01 loss per share and instead reported earnings of $0.02 per share.

Source Fool.com

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