SPS Commerce Shares Surge 15% as 4Q Results Beat Expectations

SPS Commerce Shares Soar 15% on Strong Fourth Quarter Results

SPS Commerce, a cloud-based supply chain management services provider, saw its shares rise by 15% to $211.60 following better-than-expected results in its latest quarter. The company posted a net income of $19 million, or 51 cents per share, for the fourth quarter ended December 31, beating analysts’ estimates. Revenue for the quarter also surpassed expectations, climbing to around $145 million.