11:31 AM EDT, 04/26/2024 (MT Newswires) -- Exponent (EXPO) shares rose 23.4% in recent Friday trading after the company reported fiscal Q1 earnings late Thursday of $0.59 per diluted share, up from $0.56 a year earlier.

Three analysts polled by Capital IQ expected $0.47.

Revenue before reimbursements for the quarter ended March 29 was $137.2 million, compared with $128.7 million a year earlier. Three analysts surveyed by Capital IQ expected $126 million.

Exponent said it expects Q2 revenue before reimbursements to be "flat to up in the low-single digits". Analysts polled by Capital IQ expect $124 million.

For full-year 2024, the company expects revenue before reimbursements to grow in the low-single digits, the company said. Three analysts surveyed by Capital IQ expected $487.3 million.

The company maintained its quarterly cash dividend of $0.28 per share, payable June 21 to shareholders of record on June 7.

Price: 98.33, Change: +18.65, Percent Change: +23.41