Why Aviat Networks Stock Surged by 19% on Thursday

Why Aviat Networks Stock Surged by 19% on Thursday

Non-GAAP (adjusted) net income came in at $11.1 million ($0.94 per share) for a robust improvement of almost 31% over the year-ago quarter. Collectively, the prognosticators following Aviat were modeling for less than $85 million on the top line, and only $0.79 per share in adjusted net income.