01:26 PM EDT, 08/06/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph)

Stevanato Group (STVN) shares were up over 8% in recent trading on Tuesday following its Q2 results earlier.

The company reported Q2 adjusted earnings of 0.09 euros ($0.098) per diluted share, down from 0.14 euros a year earlier

Revenue for the quarter ended June 30 was 259.6 million euros, up from 255.3 million euros a year earlier.

The drug delivery and diagnostic company said it now expects 2024 adjusted earnings of 0.48 to 0.50 euro per share, down from its prior guidance of 0.51 to 0.55 euros.

Revenue for the year is now anticipated in the range of 1.09 billion euros to 1.11 billion euros, compared with the previous outlook of 1.13 billion euros to 1.16 billion euros.

Price: 20.32, Change: +1.53, Percent Change: +8.16