12:39 PM EDT, 10/31/2024 (MT Newswires) -- Nextracker ( NXT ) shares were up over 24% in recent Thursday trading after the company posted late Wednesday higher fiscal Q2 results and raised its fiscal 2025 earnings guidance.

The company reported fiscal Q2 adjusted earnings of $0.97 per diluted share, up from $0.65 a year earlier.

Analysts polled by Capital IQ expected $0.61 a share.

Revenue for the quarter ended Sept. 27 was $635.6 million, up from $573.4 million a year earlier.

Analysts surveyed by Capital IQ expected $613.5 million.

The company said it now expects fiscal 2025 adjusted EPS to range between $3.10 and $3.30, compared with a prior view of $2.89 to $3.09.

Analysts polled by Capital IQ expect $3.17 a share.

The company said it continues to expect fiscal 2025 revenue in the range of $2.8 billion to $2.9 billion.

Analysts polled by Capital IQ expect $2.86 billion.

Price: 39.86, Change: +7.89, Percent Change: +24.68