10:13 AM EST, 11/08/2024 (MT Newswires) -- Sezzle ( SEZL ) shares surged more than 43% in recent Friday trading after the company's Q3 adjusted net income and revenue increased year on year and beat analysts' estimates.

The company reported Q3 adjusted net income late Thursday of $2.92 per diluted share, up from $0.21 a year earlier.

Two analysts polled by Capital IQ expected $0.89.

Revenue for the quarter ended Sept. 30 was $70.0 million, up from $40.8 million a year ago.

Two analysts surveyed by Capital IQ expected $52.6 million.

The company also said it now expects 2024 adjusted diluted net income of $9.80, up from its $6.75 prior guidance. One analyst polled by Capital IQ expects $9.78. Revenue growth for the full year is now expected at 55% from the previous range of 35% to 40%. An analyst surveyed by Capital IQ is looking for $218.7 million.

Price: 359.36, Change: +108.89, Percent Change: +43.47