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Stock Alert: CLPS Jumps 40% On Reporting Profit

Shares of CLPS Inc. (CLPS) jumped nearly 40% on Friday morning after the company swung to a profit for the second-half of 2020.

CLPS is currently trading at $5.36, up $1.48 or 38.15%, on the Nasdaq.

Net income was $0.6 million or $0.04 per share, compared to net loss of $1.8 million or $0.13 per share last year. Adjusted earnings were $3.5 million or $0.23 per share, compared to $1.2 million or $0.08 per share last year.

Revenues increased by 37.2% to $46.8 million from $34.1 million.

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