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Why Shares of Agilysys Are Up Today

·2 min read
Why Shares of Agilysys Are Up Today
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Shares of Agilysys (NASDAQ: AGYS), a hospitality software company, were climbing higher today after the company reported better-than-expected fourth-quarter results that surpassed Wall Street's top- and bottom-line estimates. Agilysys reported sales of $46.6 million -- up 28.3% from the year-ago quarter -- which easily beat analysts' consensus estimate of $43.8 million for the quarter. Agilysys reported non-GAAP (adjusted) earnings per share of $0.24, up from $0.21 in the fourth quarter of 2021 and ahead of analysts' average estimate of $0.17 per share.