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Why AppFolio Stock Skyrocketed Today

TheMotleyFool

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Why AppFolio Stock Skyrocketed Today: https://g.foolcdn.com/editorial/images/867213/gettyimages-1425565570.jpg

(NASDAQ: APPF) stock closed out Friday's trading with a double-digit gain on strong quarterly results. The company's share price gained 11.2% in the session and had been up as much as 15.4% earlier in trading.

AppFolio published its Q1 results after the market closed yesterday and reported sales and earnings for the period that beat Wall Street's expectations. While the stock saw a strong pop today, its share price is still down roughly 27% year to date.

Image source: Getty Images.

Source Fool.com