09:27 AM EDT, 10/30/2024 (MT Newswires) -- Vita Coco ( COCO ) reported Q3 net income Wednesday of $0.32 per diluted share, up from $0.26 a year earlier.

Analysts surveyed by Capital IQ expected $0.26.

Net sales for the quarter ended Sept. 30 were $132.9 million, down from $138.1 million a year earlier.

Analysts surveyed by Capital IQ expected $138.9 million.

Vita Coco ( COCO ) said it now expects 2024 net sales of $505 million to $515 million, compared with its prior guidance of $500 million to $510 million. Analysts surveyed by Capital IQ expect $505.7 million.

Vita Coco ( COCO ) shares were up more than 7% in premarket trading.

Price: 33.00, Change: +2.22, Percent Change: +7.21