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Shares of Alteryx (NYSE: AYX) raced out of the gate on Friday, spiking as much as 14.3%. As of 2:54 p.m. ET, the stock was still up 5.8%.
The catalyst that sent shares of the data analytics specialist higher was the company's quarterly financial results, which were far better than investors had hoped.
For the fourth quarter, Alteryx grew revenue to $301.1 million, up 73% year over year. This resulted in adjusted earnings per share (EPS) of $0.84.