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Vistance Networks Shares Gain as Q1 Earnings, Revenue Beat Analysts' Estimates

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Vistance Networks (VISN) shares rose 23% in early Thursday trading after the company reported Q1 adjusted net income and revenue that topped analysts' estimates.

The company reported Q1 adjusted net income Thursday of $0.34 per diluted share, up from $0.11 a year earlier.

Three analysts polled by FactSet expected $0.22.

Net sales for the quarter ended March 31 were $471.8 million, up from $388.1 million a year earlier.

Three analysts surveyed by FactSet expected $461.9 million.

Price: $12.89, Change: $+2.42, Percent Change: +23.07%

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