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Why Shares of Array Technologies Are Soaring Today

·2 min read
Why Shares of Array Technologies Are Soaring Today

Reporting third-quarter earnings yesterday after the market closed, Array Technologies (NASDAQ: ARRY) came up short of analysts' expectations for revenue and earnings per share (EPS) of $203.5 million and negative $0.05, respectively. Instead, Array reported sales of $192.1 million and a loss per share of $0.07. Investors don't seem to care too much, evidently; as of 11:16 a.m. EST today, shares are up 13.5%.