07:58 AM EDT, 05/09/2024 (MT Newswires) -- SharkNinja ( SN ) reported Q1 adjusted net income Thursday of $1.06 per share, up from $0.86 a year earlier.

Analysts polled by Capital IQ expected $0.97.

Net sales for the quarter ended March 31 were $1.07 billion, up from $855.3 million a year earlier.

Analysts surveyed by Capital IQ expected $949.9 million.

For fiscal 2024, the company now expects adjusted net income of $3.66 to $3.82 per diluted share, up from its prior range of $3.45 to $3.61. Analysts polled by Capital IQ expect $3.61. Net sales for the fiscal year are now expected to grow by 10% to 12%, up from its prior range of 5% to 7%.

SharkNinja's ( SN ) shares were up over 4% in recent Thursday premarket activity.

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