Beam Global (NASDAQ:BEEM) shares are trending on Thursday.
Shares of the Californian clean technology company jumped 26.45% to $1.53 in after-hours trading on Wednesday, following the announcement of strong second-quarter results for the period ended Jun. 30, that outperformed expectations.
Revenue And Earnings Beat Estimates
Beam Global reported quarterly revenue of $8.6 million, beating the analyst estimate of $8.15 million by 5%. Revenue rose 174% from the first quarter and 21% year-over-year.
Earnings per share came in at $-0.14, surpassing the estimated $-0.20 by 30%.
