What happened Shares of Control4 (NASDAQ: CTRL) soared today, up by 19% as of 11:10 a.m. EDT, after the company reported third-quarter earnings. The bottom line came in well ahead of expectations. So what Revenue in the third quarter came in at a record $64.7 million, which yielded non-GAAP net income of $9.6 million, or $0.35 per share. Analysts were expecting an adjusted profit of just $0.26 per share. On a GAAP basis, earnings per share was $0.19. Image source: Getty Images. The smart home automation company finished the quarter with cash and net investments of $71.7 million. Now what We continue to execute on our strategy to enhance and deliver industry-leading connected-home solutions through our expert channel. Worldwide we are seeing positive reception by our dealers and end-customers for our new products released this September across our Control4, Pakedge and Triad brands. CEO Martin Plaehn made the above comments, continuing: "Our recent business performance aligns with the positive opportunities we see for our products, dealers, and partners in delivering fantastic connected-experiences to homeowners, families, and businesses." In terms of guidance, sales in the fourth quarter should be in the range of $66.3 million to .3 million, with non-GAAP earnings per share of $0.33 to $0.37. Revenue for the full year 2017 is expected to be $242.5 million to $244.5 million, with non-GAAP earnings per share of $1.13 to $1.16. 10 stocks we like better than Control4When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Control4 wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of October 9, 2017Evan Niu, CFA, has no position in any of the stocks mentioned. The Motley Fool owns shares of Control4. The Motley Fool has a disclosure policy.