Shares of Tronox (TROX) surged 5.19% in pre-market trading on Thursday, despite reporting mixed fourth-quarter 2024 results that missed analysts' expectations. The company's stock appears to be reacting positively to its optimistic revenue outlook for 2025.
In its latest earnings report, the titanium ore and titanium dioxide producer posted adjusted earnings of $0.03 per share for the quarter ended December 31, 2024, falling short of the $0.05 per share consensus estimate. Additionally, revenue of $676 million came in below the expected $685.5 million, as reported by Zacks Investment Research.
However, Tronox provided a promising revenue guidance range of $3 billion to $3.4 billion for the full year 2025, which seems to have outweighed the disappointing Q4 results and fueled the pre-market rally in the company's shares. Analysts polled by FactSet had expected 2025 revenue of $3.21 billion, suggesting Tronox's outlook exceeded market expectations.
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