Aspen Group (ASX:APZ) increased its fiscal 2025 underlying earnings per share (EPS) guidance to AU$0.16, a 5% rise from the previous forecast of AU$0.152, according to a Friday filing with the Australian bourse.
The upbeat guidance reflects a higher-than-anticipated development profit of AU$2.5 million, the filing said.
The underlying EPS does not factor in newly leased sites and the realized profit from the sale of Eureka Group, the filing added. Both are expected to be reflected in Aspen's statutory profit.
The company's shares rose past 7% in recent Friday trade.
Price (AUD): $2.39, Change: $+0.16, Percent Change: +7.17%
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