07:55 AM EST, 11/04/2024 (MT Newswires) -- Knife River (KNF) reported Q3 net income Monday of $2.60 per diluted share, up from $2.58 a year earlier.

Analysts polled by Capital IQ expected $2.84.

Revenue for the quarter ended Sept. 30 was $1.11 billion, up from $1.09 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.12 billion.

The company said it now expects 2024 revenue of $2.85 billion to $2.95 billion, compared with $2.80 billion to $3 billion previously. Analysts polled by Capital IQ expect $2.89 billion.

Shares of the company were 2.6% higher in recent Monday premarket activity.

Price: 100.00, Change: +2.53, Percent Change: +2.60