Capstone Companies, Inc. (OTCQB:CAPC) shareholders are snapping up shares as the company announces their preliminary third-quarter revenues of approximately $13 million, an increase of 11% over the prior-year period.
Preliminary year-to-date revenue is expected to exceed $30 million, an increase of approximately $7.3 million or 32.2% as compared to the same period 2016.
The company is now on its ninth consecutive record quarter with revenue growth momentum clearly still happening. At the end of the third quarter, the company’s estimated year-to-date revenue of approximately $30 million is nearly as much as was shipped for the entire year in 2016.
While shares are in a clear downtrend since the spring of 2017, today’s news has propelled the stock up to the tune of 11.97% in late-morning trading. Perhaps this is the catalyst that shakes the bears and lets this stock try to put in some further gains.
