01:55 PM EDT, 08/08/2024 (MT Newswires) -- ICU Medical ( ICUI ) shares surged 24% in recent Thursday trading, a day after the company reported Q2 results that surpassed market expectations.

Adjusted earnings in the quarter ended June 30 fell to $1.56 per diluted share from $1.88 a year earlier, the company said Wednesday.

Analysts polled by Capital IQ expected $1.

Revenue rose to $596.5 million from $549.3 million a year earlier.

Analysts surveyed by Capital IQ expected $553.7 million.

The company boosted 2024 adjusted diluted EPS guidance to $4.95 to $5.35 from $4.40 to $5.10. Analysts surveyed by Capital IQ expect $5.14.

Price: 150.91, Change: +29.12, Percent Change: +23.91