12:29 PM EDT, 09/25/2024 (MT Newswires) -- HeartCore Enterprises ( HTCR ) shares rose 7.5% in recent trading Wednesday after the company posted Q3 revenue guidance of $19 million to $23 million.

A lone analyst polled by Capital IQ expected $20.1 million.

HearCore said Wednesday it generated $17.9 million in revenue from a deal with SBC Medical Group, and $17 million will be recognized in Q3.

The company said it expects Q3 net profit of $4 million to $8 million.

Price: 0.83, Change: +0.06, Percent Change: +7.52