StoneX Group Inc.'s stock soared 5.43% in Thursday's trading session, driven by the company's impressive fourth quarter earnings results. The finacial services firm reported better-than-expected revenue and earnings per share for the period ended December 31, 2024.
According to the earnings report, StoneX's revenue climbed 16.7% year-over-year to $492.1 million, surpassing analysts' expectations of $473.35 million. The company's adjusted earnings per share came in at $2.54, significantly higher than analysts' consensus estimate of $2.17 and the prior year's $2.13.
The strong quarterly performance appears to have fueled investor optimism, resulting in the substantial intraday rally for StoneX's stock. With the company consistently exceeding Wall Street's projections, analysts maintain a bullish "strong buy" rating on the shares.
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