04:23 PM EDT, 09/19/2024 (MT Newswires) -- Alliance Entertainment Holding ( AENT ) reported fiscal Q4 net income Thursday of $2.6 million, compared with a loss of $4.6 million a year earlier.

Analysts surveyed by Capital IQ expected net income of $1.9 million

Revenue for the quarter ended June 30 fell to $236.4 million, from $247.1 million a year earlier. Analysts surveyed by Capital IQ expected $236.8 million.

Company shares surged as much as 35% in after-hours activity.

Price: 2.7500, Change: +0.71, Percent Change: +34.80