01:46 PM EST, 11/04/2024 (MT Newswires) -- (Updates with latest stock movement in the headline and first paragraph.)

Freshpet ( FRPT ) shares gained 14% in recent trading Monday after swinging to Q3 net income, beating market expectations.

The company reported Q3 net income premarket of $0.24 per diluted share, swinging from a loss of $0.15 a year earlier.

Analysts polled by Capital IQ expected earnings of $0.11 per share.

Net sales for the quarter ended Sept. 30 were $253.4 million, up from $200.6 million a year earlier.

Analysts surveyed by Capital IQ expected $248.3 million.

For the full-year 2024, the company now expects net sales of roughly $975 million, compared with its prior outlook of at least $965 million. Analysts polled by Capital IQ expect $969.6 million.

Price: 152.37, Change: +18.68, Percent Change: +13.97