Why Vicor Stock Is Skyrocketing Today
Vicor (NASDAQ: VICR) stock is seeing explosive gains in Friday's trading. The power-module specialist's share price was up 18.6% as of 2:40 p.m. ET despite the S&P 500 index being off 1.7% and the Nasdaq Composite being down 2.2% at the same point in time. The stock had been up as much 26.3% earlier in the day's trading.Vicor released its fourth-quarter report after the market closed yesterday and published sales and earnings for the period that came in much better than Wall Street had expected. Even better, the company indicated that it expected to make continued progress toward reaching its long-term performance targets.Vicor reported earnings per share of $0.23 on sales of $96.2 million in the fourth quarter, handily topping the average Wall Street analyst call for per-share earnings of $0.14 on sales of roughly $91 million.Continue reading
Vicor (NASDAQ: VICR) stock is seeing explosive gains in Friday's trading. The power-module specialist's share price was up 18.6% as of 2:40 p.m. ET despite the S&P 500 index being off 1.7% and the Nasdaq Composite being down 2.2% at the same point in time. The stock had been up as much 26.3% earlier in the day's trading.
Vicor released its fourth-quarter report after the market closed yesterday and published sales and earnings for the period that came in much better than Wall Street had expected. Even better, the company indicated that it expected to make continued progress toward reaching its long-term performance targets.
Vicor reported earnings per share of $0.23 on sales of $96.2 million in the fourth quarter, handily topping the average Wall Street analyst call for per-share earnings of $0.14 on sales of roughly $91 million.
