Why Verra Mobility Stock Is Rising Today

Shares of Verra Mobility (NASDAQ: VRRM) are rising today, up 7.6% as of 11 a.m. EDT, after the smart-infrastructure provider reported first-quarter earnings that beat Wall Street's estimates. Verra Mobility reported earnings after the market closed on Monday, and they were better than analysts had expected. Verra's earnings and revenue both beat Wall Street's consensus estimates, which had called for a net profit of $0.02 per share on revenue of $105.43 million.