11:35 AM EST, 11/13/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

Hut 8 ( HUT ) shares jumped 14% in recent Wednesday trading after the company reported Q3 earnings of $0.01 per diluted share, swinging from a loss of $0.10 a year earlier.

Four analysts polled by Capital IQ expected a loss of $0.29.

Revenue in the three months ended Sept. 30 rose to $43.7 million from $21.7 million a year earlier, the company said Wednesday in a statement.

Four analysts surveyed by Capital IQ expected $40.1 million.

Price: 27.27, Change: +3.41, Percent Change: +14.29