Why Did Aeva Stock Soar After Earnings?
Aeva stock is speculative -- but investors are speculating hard after last night's earnings beat.
Overview
Aeva Technologies (NASDAQ: AEVA) stock exploded higher after barely edging out earnings forecasts in its Q2 report last night.
Analysts had expected Aeva, which builds technology to help autonomous cars operate, to lose $0.43 per share on sales of $6 million. Aeva did lose money, but only $0.41 per share, and its sales beat estimates at $6.1 million.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.