India, May 2 -- Shares of Aspen Aerogels, Inc. (ASPN) surged over 37% on Thursday morning after the company reported a first-quarter loss that was narrower than the Street view. The company also lifted its full-year financial outlook.
ASPN is currently trading at $20.92, up $5.70 or 37.44%, on the NYSE. The stock opened its trading at $19.79 after closing Wednesday at $15.22. The stock has traded between $5.32 and $21.50 in the past 52-week period.
Revenues for the first quarter were $94.5 million, compared to $45.6 million in the first quarter.
Net loss was $1.8 million or $0.02 per share, compared to a net loss of $16.8 million or $0.24 per share last year. Analysts polled by Thomson Reuters had expected a loss of $0.11 per share.
Loo...