Vicor's stock price surged 5.00% during intraday trading on Friday, demonstrating significant upward momentum in the market session.
The sharp rise follows the company's release of quarterly earnings that substantially exceeded analyst expectations. Vicor reported adjusted earnings per share of $1.01 for the quarter ended December 31, more than double the mean analyst estimate of $0.44 per share and a significant increase from the 23 cents reported in the same period last year.
Revenue for the quarter also showed healthy growth, increasing by 11.5% year-over-year to $107.26 million. The company reported quarterly net income of $46.53 million, contributing to positive investor sentiment and driving the stock's intraday performance.