04:22 AM EST, 02/21/2025 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Innodata ( INOD ) shares were up 14.5% in premarket activity Friday after the company reported overnight a multi-fold increase in Q4 earnings as sales more than doubled.

The company reported Q4 earnings late Thursday of $0.31 per diluted share, up from $0.05 a year earlier.

Four analysts polled by FactSet expected $0.21.

Revenue in the three months ended Dec. 31 rose to $59.2 million from $26.1 million a year earlier.

Four analysts surveyed by FactSet expected $53 million.

The company forecast at least 40% revenue growth in 2025 with updates expected later in the year.