06:07 AM EST, 03/05/2024 (MT Newswires) -- (Updates with the stock move in the headline and first paragraph.)

Viant Technology's ( DSP ) shares jumped more than 9% in premarket activity Tuesday after the company reported strong growth in Q4 earnings and its forecast for Q1 sales was in line with market expectations.

The company reported Q4 non-GAAP earnings late Monday of $0.14 per diluted share, compared with breakeven a year earlier.

Three analysts polled by Capital IQ expected $0.11.

Revenue in the quarter that ended Dec. 31 rose to $64.4 million from $54.5 million a year earlier.

Analysts surveyed by Capital IQ expected $65.8 million.

The company expects Q1 2024 revenue of $49 million to $52 million. Analysts polled by Capital IQ expect $48.2 million.

Price: 10.03, Change: +0.85, Percent Change: +9.26