05:07 AM EDT, 04/04/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph, and full-year estimates in the second-to-last paragraph.)

Simulations Plus ( SLP ) shares surged 9.2% in premarket activity Thursday after the company's earnings and sales beat market expectations.

The company reported fiscal Q2 net income late Wednesday of $0.20 per diluted share, unchanged from a year earlier.

Three analysts polled by Capital IQ forecast $0.19.

Revenue in the quarter ended Feb. 29 rose to $18.3 million from $15.8 million a year earlier.

Three analysts surveyed by Capital IQ estimated $17.3 million.

The company said it continues to project fiscal 2024 EPS of $0.66 to $0.68 on revenue of $66 million to $69 million. Three analysts surveyed by Capital IQ expect $0.66 and $67.6 million, respectively.

The company said it maintained its quarterly dividend at $0.06 per share, payable May 6 to shareholders of record April 29.

Price: 41.99, Change: +3.53 , Percent Change: +9.18