Shares of Verra Mobility Corporation (VRRM) jumped 7.8% at the end of trade on Tuesday, after the company posted robust revenue growth in Q2. The company provides smart mobility technology solutions and services via two segments, Government Solutions, and Commercial Services. Let’s take a look at the financial performance, as well as what’s changed in the company's key risk factors that investors should be aware of. (See Verra Mobility stock charts on TipRanks) A surge in leisure travel coupled with growth in speed and red-light programs helped Verra’s Q2 revenue to increase 61.2% year-over-year to $128.7 million, beating estimates by $17 million.
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Verra Mobility (NASDAQ:VRRM)
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Verra Mobility (NASDAQ:VRRM)
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From Oct 2020 to Oct 2021 Click Here for more Verra Mobility Charts.