01:19 PM EDT, 03/12/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

Mission Produce ( AVO ) shares rose 9% in recent Tuesday trading following the company's unexpected fiscal Q1 swing to earnings and revenue increase.

Late Monday, the company reported fiscal Q1 adjusted earnings of $0.09 per diluted share, compared with a loss of $0.07 a year earlier. Two analysts surveyed by Capital IQ expected a loss of $0.07.

Sales for the quarter ended Jan. 31 were $258.7 million, up from $213.5 million a year earlier. Two analysts surveyed by Capital IQ forecast $210.8 million.

Price: 11.66, Change: +0.95, Percent Change: +8.93