Why VOXX International Shares Are Soaring Today
Shares of VOXX International (NASDAQ: VOXX) rose 58% in Tuesday's premarket trading, lifted by a strong third-quarter earnings report. The maker of consumer electronics and automotive entertainment systems saw third-quarter sales rise 83% year over year to $201 million. Consumer electronics sales rose 74% to $80 million, driven by high consumer interest in premium audio products.