01:03 PM EDT, 08/14/2024 (MT Newswires) -- M-tron Industries ( MPTI ) shares rose more than 9% in recent trading Wednesday after the company reported better-than-expected Q2 results and raised its full-year 2024 revenue guidance.

The company reported Q2 earnings of $0.63 per diluted share, up from $0.47 a year earlier.

Analysts surveyed by Capital IQ expected $0.50.

Revenue for the quarter ended June 30 was $11.8 million, up from $10.1 million a year earlier.

Analysts polled by Capital IQ expected $11.2 million.

The company said it now expects 2024 revenue of $46 million to $48 million, up from $43 million to $45 million previously. Analysts polled by Capital IQ expect $44.8 million.

Price: 34.90, Change: +3.01, Percent Change: +9.43