HelloFresh shares pop 10% as meal kit giant beats profit estimates

Shares of German meal kit firm HelloFresh jumped Tuesday after the company reported a better-than-expected profit for the second quarter and said its ready-to-eat meals segment saw rapid growth.

HelloFresh shares climbed as much as 20% during morning trade, but had pared gains to rise 10% to 5.95 euros ($6.52) as of 9:30 a.m. ET.

HelloFresh reported adjusted…