2023-04-20 22:45:00 ET
Badger Meter (NYSE: BMI) stock jumped 10.7% on Thursday, following the water technology specialist's release of better-than-expected results for the first quarter of 2023. Investors' delight is attributable to both revenue and earnings easily surpassing Wall Street's expectations.
A nearly 11% post-earnings move in either direction isn't uncommon among tech stocks and other stocks that tend to be volatile. But such an upward move is relatively unusual -- and thus, particularly noteworthy -- for a long-established, stable, dividend-paying industrial company.
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Water Stock Badger Meter Jumps 11% on Big Earnings and Revenue Beats