Why Kopin Stock Spiked Today

Why Kopin Stock Spiked Today

Shares of Kopin (NASDAQ: KOPN) jumped today after the company reported fourth-quarter results that outpaced analysts' consensus revenue and earnings estimates. Fourth-quarter sales were $13.9 million, an increase of 60% year over year, and higher than Wall Street's estimate of $9.3 million. Investors were clearly happy with the company's results and pushed Kopin's shares up when the trading day started.