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(NASDAQ: NIXX) posted second-quarter revenue of $42 million, clearing Wall Street's expectations by roughly $6 million and sending its shares up 12% in after-hours trading.
Before we get into why that matters, let's make sure we're speaking the same language.
What "beating consensus" actually means When analysts who cover a stock publish their revenue forecasts, those numbers get averaged into what's called the consensus estimate — essentially the market's educated guess.
Beating that number by 17% isn't a small miss-turned-win; it signals that the company is growing faster than even its most informed observers anticipated.
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