Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Vocus (NAS: VOCS) popped today by as much as 14% after the company reported better-than-expected earnings.
So what: Sales in the second quarter added up to $43.6 million, jumping 53% from last year. Adjusted net income was $2.5 million, or $0.11 per share, topping forecasts calling for just $0.09 per share in profit. Guidance similarly looked strong.
Now what: The maker of cloud-marketing software expects full-year sales in the range of $169.8 million to $170.8 million, with earnings per share between $0.40 and $0.42. Even the low end of that outlook tops the $0.39-per-share consensus. The company is hoping to tap the cloud-marketing sector in small and midsized markets and is looking to expand sales capacity this year.
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The article Why Vocus Popped originally appeared on Fool.com.
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