JupytsLab’s notebook sales beat the market and the stock

JupyttsLab shares hit an all-time high Thursday after a strong start to the year, driven by strong sales of notebooks and desktop computers.

The company said its notebook and desktop shipments hit a record of 2.09 million in the third quarter, which was up from 2.07 million in 2017 and 1.93 million in 2016.

The company said the third-quarter revenue increased 11.7 per cent to $2.03 billion, or $4.02 per share.

That was good enough for third place in the notebook market behind Apple and Samsung, but ahead of a bigger increase in the overall market.

“It’s an impressive result for the company and for the notebook category,” said Paul Elam, an analyst at Cowen & Barlow.

The JupiesLab shares rose by 6.4 per cent, or more than $1 billion, in after-hours trading.

They had been trading down more than 13 per cent since their highs in late February.