12:11 PM EDT, 10/18/2024 (MT Newswires) -- HeartCore Enterprises ( HTCR ) shares were up about 20% in recent trading Friday after the firm reported preliminary Q3 results.

The company said it now expects Q3 revenue to be between to be between $17 million and $19 million, up from $4.7 million a year ago. It previously expected Q3 revenue of $19 million to $23 million. Analysts polled by Capital IQ expect $17.7 million.

The enterprise software and data consulting services company now expects net income of $9 million to $11 million for the quarter, compared with a net loss of $2.5 million last year. Its previous guidance was $4 million to $8 million.

Price: 1.19, Change: +0.20, Percent Change: +20.20