Newsmax shares surge 31% on Friday amid improved profitability
NMAX Newsmax Inc
$9.58 +31.41%
View chart & analysis → - 1Newsmax shares rose 31% on Friday.
- 2Newsmax achieved $69 million in third-quarter revenue, a 52.5% increase compared to the same period last year.
- 3CFO Darryle Burnham said third-quarter results reflect operating leverage across the business.
So what's the key point?
Newsmax shares rose 31% as third-quarter revenue grew significantly to $69 million. This means the company has started to earn more money.
Source The Motley Fool +1 · View original ↗
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