12:09 PM EDT, 07/26/2024 (MT Newswires) -- (Updates with stock price movement in headline and first paragraph)

Fortune Brands Innovations ( FBIN ) shares were up 10% in recent Friday trading after the company reported its Q2 earnings.

The company reported Q2 non-GAAP earnings late Thursday of $1.16 per diluted share, up from $1.07 a year earlier.

Analysts polled by Capital IQ expected $1.12.

Net sales for the quarter ended June 29 were $1.24 billion, up from $1.16 billion a year earlier.

Analysts polled by Capital IQ expected $1.28 billion.

The company said it now expects full-year 2024 non-GAAP EPS of $4.25 to $4.35, compared with its previous guidance of $4.20 to $4.40. Analysts polled by Capital IQ expect $4.28.

The company expects net sales to grow 2.5% to 4.5% during the year compared to an earlier forecast of 3.5% to 5.5%. Analysts polled by Capital IQ expect $4.85 billion.

Price: 79.10, Change: +6.93, Percent Change: +9.60