11:08 AM EDT, 08/01/2024 (MT Newswires) -- SolarWinds ( SWI ) shares fell more than 4% in early Thursday trading after reporting Q2 results.

The company reported Q2 non-GAAP earnings of $0.26 per diluted share, up from $0.21 a year earlier.

Analysts polled by Capital IQ expected $0.23.

Revenue for the quarter ended June 30 was $193.3 million, up from $185.0 million a year ago.

Analysts surveyed by Capital IQ expected $188.7 million.

For Q3, SolarWinds ( SWI ) said it expects non-GAAP EPS to be between $0.24 and $0.26 on revenue of $191 million to $196 million. Analysts polled by Capital IQ expect EPS of $0.25 on revenue of $194.4 million.

The company expects full-year 2024 non-GAAP EPS to be between $1.04 and $1.08 on revenue of $778 million to $788 million. Analysts expect EPS of $1.03 on revenue of $779.3 million.

Price: 11.43, Change: -0.50, Percent Change: -4.19