By Emon Reiser
Shares of Vertex soared on Thursday after the tax compliance software company raised its full-year revenue guidance and reported earnings that beat Wall Street’s predictions.
The stock climbed 21% to $27.10, and for the year is up 87%.
The company raised its guidance for full-year sales to $562.5 million to $564.5 million, up from prior guidance of $556 million to $562 million.
Before the market opened, Vertex reported third-quarter revenue of $145 million, up from $126.2 million a year ago. Analysts expected $142.2 million.
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