12:56 PM EDT, 10/08/2024 (MT Newswires) -- Accolade's (ACCD) shares were up more than 7% in recent trading on Tuesday after the company reported a fiscal Q2 net loss of $0.30 per diluted share, narrower than a loss of $0.43 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.44.

Revenue for the quarter ended Aug. 31 was $106.4 million, up from $96.9 million a year earlier. Analysts surveyed by Capital IQ expected $105 million.

The company said it expects Q3 revenue between $104 million and $107 million. Analysts polled by Capital IQ expect $108.6 million.

The company reiterated its fiscal 2025 revenue outlook between $460 million and $475 million. Analysts surveyed by Capital IQ expect $466.5 million.

Price: 4.30, Change: +0.33, Percent Change: +8.19