Shares of Qualys Inc. (QLYS), a leading provider of cloud-based IT security and compliance solutions, surged 17.76% in after-hours trading on Sunday following the company's impressive third-quarter financial results and raised guidance for the full year 2024.
For the quarter ended September 30, 2024, Qualys reported revenue of $153.9 million, an 8% increase compared to the same period last year. This beat the consensus estimate of $150.7 million. The company's adjusted earnings per share (EPS) came in at $1.56, significantly higher than the analyst expectation of $1.33.
Qualys also raised its full-year 2024 revenue guidance to a range of $602.9 million to $605.9 million, up from the previous guidance of $597.5 million to $601.5 million. The company now expects its adjusted EPS for the year to be between $5.81 and $5.91, up from the previous range of $5.46 to $5.62.
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