12:34 PM EST, 11/05/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Stevanato Group (STVN) shares jumped over 14% in recent trading on Tuesday after it posted Q3 revenue gains.

The company reported Q3 adjusted earnings of 0.12 euros ($0.13) per diluted share, down from 0.15 euros a year earlier.

Analysts polled by Capital IQ expected 0.13 euros.

Revenue for the quarter ended Sept. 30 was 277.9 million euros, up from 271.4 million euros a year earlier.

Analysts surveyed by Capital IQ expected 274.4 million euros.

The company said it now expects 2024 adjusted earnings of 0.47 euros to 0.49 euros per diluted share, compared with its previous guidance for 0.48 euros to 0.50 euros. Analysts polled by Capital IQ expect 0.49 euros.

The company continues to expect revenue for the year in the range of 1.09 billion euros to 1.11 billion euros. Analysts surveyed by Capital IQ expect 1.09 billion euros.

Price: 22.14, Change: +2.76, Percent Change: +14.22