Why Veritiv Stock Is Soaring Today

Lou Whiteman, The Motley Fool
·2-min read
Why Veritiv Stock Is Soaring Today

Shares of Veritiv (NYSE: VRTV) spiked 80% higher on Wednesday morning and traded up more than 50% later in the day after the packaging company reported much better-than-expected quarterly results. On Wednesday morning, Veritiv reported fourth-quarter earnings of $1.90 per share, easily beating analyst expectations for a $0.73 per-share loss.