Why Redwire Stock Keeps Gaining
Redwire Corporation (NYSE: RDW) stock finished Friday up 14.9% while the S 500 and the Nasdaq Composite rose 0.6% and 1.2%, respectively.
Shares of the space hardware and defense drone builder rose for the second day following the release of its second-quarter report, which came in well ahead of expectations.
Redwire reported its Q2 results after the closing bell on Wednesday. Revenue hit a record $117.1 million, up nearly 90% from a year ago. Wall Street was expecting $9 million less.
Source Fool.com
