11:54 AM EST, 12/10/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Ollie's Bargain Outlet Holdings (OLLI) shares were up more than 13% in recent Tuesday trading after the company logged better-than-expected fiscal Q3 adjusted earnings.

The company reported fiscal Q3 adjusted earnings of $0.58 per diluted share, up from $0.51 a year earlier.

Analysts polled by FactSet expected $0.57.

Revenue for the quarter ended Nov. 2 was $517.4 million, compared with $480.1 million a year earlier.

Analysts surveyed by FactSet expected $518.8 million.

The company reaffirmed its fiscal 2024 adjusted EPS guidance of $3.22 to $3.30. Analysts surveyed by FactSet expect $3.27.

Revenue for the fiscal year is now projected to be about $2.27 billion to $2.28 billion, compared with the prior range of about $2.28 billion to $2.29 billion. Analysts polled by FactSet expect $2.28 billion.

Price: 111.00, Change: +12.95, Percent Change: +13.21