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Shares of Alteryx (NYSE: AYX) soared out of the gate on Wednesday and didn't looked back, surging as much as 23.7%. As of 11:30 a.m. ET today, the stock was still up 19.1%.
The catalyst that sent the data science and analytics specialist higher was the company's quarterly financial results, which were far better than investors anticipated.
For the second quarter, Alteryx grew revenue to $180.6 million, up 50% year over year. This resulted in an adjusted loss per share of $0.46.