10:36 AM EDT, 10/31/2024 (MT Newswires) -- Driven Brands ( DRVN ) shares rose 6% in recent Thursday trading after the company reported higher Q3 adjusted earnings and revenue.

The company reported Q3 adjusted earnings of $0.26 per diluted share, up from $0.18 a year earlier.

Analysts polled by Capital IQ expected $0.22.

Revenue for the quarter ended Sept. 28 was $591.7 million, up from $581 million a year earlier.

Analysts surveyed by Capital IQ expected $598.5 million.

The company said it now expects fiscal 2024 adjusted earnings at the high-end of its $0.88 to $1 per share original outlook. Analysts polled by Capital IQ expect $1.02.

The company expects fiscal 2024 revenue at the low-end of its original outlook of $2.35 billion to $2.45 billion, with the outlook adjusted for disposition to between $2.33 billion and $2.43 billion. Analysts surveyed by Capital IQ expect $2.36 billion.

Price: 15.05, Change: +0.86, Percent Change: +6.06