10:31 AM EDT, 05/16/2024 (MT Newswires) -- (Updates with stock movement in the headline and first paragraph and CEO appointment in the final paragraph.)

Lightspeed Commerce ( LSPD ) shares were up nearly 15% in recent Thursday trading after reporting Q4 adjusted earnings of $0.06 per diluted share, up from breakeven a year earlier.

Analysts polled by Capital IQ expected $0.06.

Revenue for the quarter ended March 31 was $230.2 million, up from $184.2 million a year earlier.

Analysts surveyed by Capital IQ expected $224.5 million.

The company expects revenue for Q1 2025 of $255 million to $260 million. Analysts polled by Capital IQ expect $258.6 million.

Additionally, Lightspeed Commerce ( LSPD ) said its board has reappointed Dax Dasilva as permanent chief executive officer. Dasilva was appointed interim CEO of the company earlier this year.

Price: 14.67, Change: +1.89, Percent Change: +14.79