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Opera's Q3 Adjusted Earnings, Revenue Increase; Q4 Revenue Outlook Issued; 2024 Revenue Guidance Raised
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Opera's Q3 Adjusted Earnings, Revenue Increase; Q4 Revenue Outlook Issued; 2024 Revenue Guidance Raised
Nov 3, 2024 1:38 PM

07:51 AM EDT, 10/29/2024 (MT Newswires) -- Opera (OPRA) reported Q3 adjusted earnings Tuesday of $0.26 per diluted American depositary share, up from $0.19 a year earlier.

Three analysts polled by Capital IQ expected $0.24.

Revenue for the quarter ended Sept. 30 was $123.2 million, up from $102.6 million a year earlier.

Analysts surveyed by Capital IQ expected $120.4 million.

The company said it expects Q4 revenue to be between $135 million and $138 million. Four analysts surveyed by Capital IQ expect $133.4 million.

For 2024, the company said it now expects higher revenue of $470 million to $473 million, compared with previous guidance of $461 million to $467 million. Analysts polled by Capital IQ expect $465.8 million.

Shares of Opera rose almost 5% in recent premarket activity on Tuesday.

Price: 17.90, Change: +1.03, Percent Change: +6.11

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