08:55 AM EST, 11/06/2024 (MT Newswires) -- Kornit Digital ( KRNT ) reported Q3 adjusted net income Wednesday of $0.11 per diluted share, compared with a loss of $0.07 a year earlier.

Analysts polled by Capital IQ expected adjusted earnings per share of $0.07.

Revenue for the quarter ended Sept. 30 was $50.7 million a year earlier, down from $59.2 million a year earlier.

Four analysts surveyed by Capital IQ expected $50.4 million.

The company said it expects Q4 revenue of $58 million to $63 million. Four analysts surveyed by Capital IQ expect $60 million.

Kornit shares were gaining almost 11% in recent premarket activity.

Price: 24.52, Change: +0.01, Percent Change: +0.04