Here's Why New Relic Stock Jumped Higher Today
Shares of enterprise-software company New Relic (NYSE: NEWR) jumped on Wednesday after it reported financial results for the third quarter of its fiscal 2023. Adjusted profits came in much higher than Wall Street expected, and that's a leading reason New Relic stock was up 20% as of 11:40 a.m. ET. New Relic's management had guided for Q3 revenue of up to $235 million.