Why AppFolio Stock Jumped 20.7% in August
Shares of AppFolio (NASDAQ: APPF) climbed 20.7% in August, according to data from S&P Global Market Intelligence. AppFolio published its second quarter results on Aug. 3, delivering sales and earnings that topped the market's targets. The company posted earnings per share of $0.54 on revenue of $81.04 million, while the average analyst estimate had called for per-share earnings of $0.12 on revenue of $77.8 million.