WidePoint Corporation (WYY) Stock Surges Over 16% After Hours: What's Going On?
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WidePoint Corporation (WYY) shares surged 16.48% to $10.46 in after-hours trading following a strong first-quarter report, exceeding revenue and EPS estimates. The company posted EPS of $0.01, beating expectations by 108%, and revenue of $40.60 million, surpassing forecasts by 6.66%. Adjusted EBITDA rose 714% year-over-year. CEO Jin Kang attributed the success to federal resilience and cost discipline. WYY's market cap is $88.66 million, with a 52-week high of $10.49 and a 69.43% gain over the past year.
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