Atlassian Stock Surges After Earnings. There’s a Lot to Like About the Results.

Atlassian Stock Surges After Earnings. There’s a Lot to Like About the Results. · Barrons.com

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Atlassian stock soared Friday, the day after the productivity software company’s quarterly results tore past estimates. Shares gained 17% to $219.78 in early trading Friday, putting the stock on track for its largest daily percentage increase in more than a year, according to Dow Jones Market Data. Late Thursday, Atlassian —the developer of list-making tool Trello—reported adjusted earnings of 77 cents per share for its first fiscal quarter ended Sept. 30, beating Wall Street’s call for 64 cents, according to FactSet.