The Honest Company (HNST) Stock Is Trending After Hours on 100% EPS Beat

The Honest Company Inc. (NASDAQ: HNST ) shares are trending on Thursday. Shares of the California-based digital-first consumer goods company surged 10.13% to $4.24 in after-hours trading on Wednesday following stronger-than-expected second-quarter results, where earnings per share of $0.04 topped the analyst expectation of $0.02 by 100%. The Honest Company announced results for the quarter ended Jun. 30. Shares Surge as Margins Expand and Profitability Improves Revenue for the company came in at $83.30 million, beating the estimated $77.76 million by 7.12%. The revenue represents a 10.9% fall over the year. The personal care company reported Organic Revenue growth of 6.7% to $80.2 million. Net income came in at $10.7 million, while gross margin expanded 800 basis points to 48.4%. CEO Carla Vernon said, “For the second quarter we delivered accelerated Organic Revenue growth of 7%...