12:15 PM EDT, 10/24/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Pegasystems ( PEGA ) shares jumped about 13% in recent Thursday trading after the company's Q3 adjusted earnings exceeded estimates.

The company reported Q3 adjusted earnings late Wednesday of $0.39 per diluted share, down from $0.44 a year earlier.

Analysts polled by Capital IQ expected $0.34.

Revenue for the quarter ended Sept. 30 was $325.1 million, down from $334.6 million a year earlier.

Analysts polled by Capital IQ expected $327.7 million.

Price: 78.51, Change: +8.77, Percent Change: +12.58