12:59 PM EDT, 08/06/2024 (MT Newswires) -- (Updates with latest stock move in the headline and first paragraph.)

Global Business Travel Group ( GBTG ) shares rose 12% in recent trading after it reported Q2 earnings Tuesday of $0.06 per diluted share, swinging from a loss of $0.23 a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.03.

Revenue for the quarter ended June 30 was $625 million, up from $592 million a year earlier.

Three analysts surveyed by Capital IQ expected $631.9 million.

The company said it continues to expect 2024 revenue of $2.43 billion to $2.50 billion.

Analysts surveyed by Capital IQ expect $2.48 billion.

Price: 6.77, Change: +0.73, Percent Change: +12.19