Stock Track | NAPCO Security Soars 8.43% in Pre-market on Strong Q2 Gross Margin of 58.6%
Stock Track
Feb 02
NAPCO Security Technologies' stock surged 8.43% in pre-market trading following the release of its fiscal second quarter results.
The company reported Q2 earnings per share of USD 0.38 and revenue of USD 48.2 million, which came in slightly below the IBES estimate of USD 48.4 million. However, investors focused on the impressive gross margin of 58.6%, indicating strong profitability and operational efficiency.
The better-than-expected gross margin performance appears to be driving positive investor sentiment, overshadowing the slight revenue miss and contributing to the significant pre-market price appreciation.
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