Why Veeva Systems Stock Is Surging Today
Shares of Veeva Systems (NYSE: VEEV) are posting big gains in Thursday's trading despite broader sell-offs for the tech sector. The life-sciences software company's stock was up 10.2% as of 12:30 p.m. ET today.
Veeva Systems reported its fourth-quarter results after the market closed yesterday and posted better-than-expected sales and earnings results. The company's outlook also topped Wall Street's expectations.
Adjusted earnings per share (EPS) of $1.74 on sales of $720.89 million topped the average analyst estimate's call for EPS of $1.58 on sales of $699.39 million.
Source Fool.com
