04:28 AM EDT, 08/02/2024 (MT Newswires) -- Nextracker ( NXT ) reported fiscal Q1 adjusted earnings late Thursday of $0.93 per diluted share, up from $0.48 a year earlier.

Analysts polled by Capital IQ expected $0.65.

Revenue for the quarter ended June 28 was $719.9 million, up from $479.5 million a year earlier.

Analysts surveyed by Capital IQ expected $617.7 million.

Reaffirming its fiscal 2025 outlook, the company said adjusted earnings will likely be $2.89 to $3.09 per diluted share. Analysts surveyed by Capital IQ expect $3.06.

The company expects full-year revenue of $2.8 billion to $2.9 billion. Analysts polled by Capital IQ expect $2.87 billion.

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