Why AvidXchange Holdings Stock Triumphed Today
AVDXAvidXchange (AVDX) The Motley Fool·2024-11-07 06:22

Twin beats, raised revenue guidance... what wasn't to love in the company's latest set of quarterly figures?AvidXchange Holdings (AVDX 13.88%) posted its latest set of quarterly results on Wednesday before market open, and investors greeted the news warmly. They traded the stock nearly 14% higher across that trading session, a level that trounced the S&P 500 index's 2.5% advance.Explosive bottom-line growthAvidXchange's third quarter saw the fintech boost its revenue by 14% year over year; it came in at nea ...