03:56 AM EDT, 08/02/2024 (MT Newswires) -- Altair Engineering ( ALTR ) reported late Thursday Q2 adjusted earnings of $0.16 per diluted share, up from $0.15 a year earlier.

Analysts polled by Capital IQ expected $0.15.

Revenue for the quarter ended June 30 was $148.8 million, up from $141.2 million a year earlier.

Analysts polled by Capital IQ expected $147.1 million.

For Q3, the company expects adjusted earnings of $13.4 million to $15.7 million and revenue of $145 million to $148 million. Analysts polled by Capital IQ expect adjusted earnings of $14.6 million and revenue of $146.4 million.

For 2024, the company now expects adjusted earnings of $108.4 million to $114.4 million and revenue of $648 million to $658 million, compared with previously issued guidance of adjusted earnings of $109.9 million to $115.9 million and revenue of $652 million to $662 million. Analysts polled by Capital IQ expect adjusted profit of $110.9 million and revenue of $655.2 million.

Price: 85.00, Change: -0.32, Percent Change: -0.38