FLIR - Coronavirus Stock FLIR Pops Nearly 10% After Earnings Release
FLIR Systems (NASDAQ: FLIR), the leading maker of thermal imaging cameras, reported first quarter 2020 results before the market opened on Wednesday.
Shares closed up 9.6% on Wednesday. We can attribute the stock's gain to revenue beating Wall Street's expectations and a record backlog, thanks largely to continued robust demand for the company's thermal cameras for use in elevated skin temperature (EST) screening. These cameras are being used by companies to screen employees and customers for EST, which may be indicative of a fever -- a common symptom for people infected with the novel coronavirus.
Here's how the quarter worked out for FLIR and its investors.