Why Redwire Stock Keeps Gaining
Redwire stock extended its post-earnings rally Friday after blowout Q2 results and a SpaceX spacecraft charter deal.
Overview
Redwire Corporation (NYSE: RDW) stock finished Friday up 14.9% while the S&P 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.
Details
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
Originally published at www.fool.com.
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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.