By Owen Tucker-Smith
Sezzle shares were on the rise after the financial technology company said it expects to exceed its previous sales and profit expectations for fiscal 2024.
Shares of the Minneapolis-based company rose 20% to $311.74 in Thursday morning trading. The value of the stock has nearly tripled in the past six months.
Sezzle previously guided for full-year net income of $71.5 million and total revenue of more than $247 million. The company said it anticipates it will grow its total revenue by more than 55% and will exceed its prior projections for earnings per share and adjusted net income.
The company previously guided for EPS of $12.05 and adjusted EPS of $9.80.
The company did not offer exact numbers for its new updated guidance. Sezzle is set to report its full-year results at the end of February.
Chief Executive Charlie Youakim attributed the raised guidance to "exceptional" demand during the holidays and to the company's strategic initiatives.
Sezzle and scores of other companies across sectors have provided updated guidance to their shareholders ahead of various investor conferences. Sezzle is set to attend the Needham Growth Conference Thursday.
Write to Owen Tucker-Smith at owen.tucker-smith@wsj.com
(END) Dow Jones Newswires
January 16, 2025 10:38 ET (15:38 GMT)
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