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Fiverr International Shares Rise After AutoDS Acquisition, Higher Q2 Results
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Fiverr International Shares Rise After AutoDS Acquisition, Higher Q2 Results
Jul 31, 2024 9:19 AM

12:07 PM EDT, 07/31/2024 (MT Newswires) -- Fiverr International ( FVRR ) shares jumped 18% in recent Wednesday trading after the company announced the acquisition of AutoDS and posted results for Q2.

AutoDS, a subscription-based dropshipping automation tool, will remain independently operated, Fiverr ( FVRR ) said Wednesday.

Terms of the deal weren't disclosed.

On Wednesday, Fiverr ( FVRR ) reported Q2 non-GAAP net income rose to $0.58 per diluted share from $0.49 a year earlier and revenue climbed to $94.7 million from $89.4 million.

The company adjusted full-year revenue guidance to $383 million to $387 million from $381 million to $387 million on May 9.

Price: 25.77, Change: +3.88, Percent Change: +17.72

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