Hyliion Holdings shares rise 10.16% intraday after reporting $0.02 better-than-expected fourth-quarter earnings.

Hyliion Holdings surged 10.16% intraday after reporting fourth-quarter earnings of -$0.070, exceeding the $-0.090 analyst estimate by $0.02, despite revenue falling short of expectations. The earnings beat likely offset concerns over weak revenue, temporarily boosting investor sentiment.