Shares of Camtek (NASDAQ: CAMT) soared 5.17% in pre-market trading on Wednesday, driven by the company's positive outlook for the first quarter of 2025 and strong fourth quarter 2024 results that exceeded analysts' expectations.

Camtek forecasted revenues in the range of $118 million to $120 million for the first quarter of 2025, representing a 23% increase compared to the same period last year. The company's revenue guidance surpassed the consensus analyst estimate of $116.97 million, fueling investor optimism.

Additionally, Camtek reported impressive financial results for the fourth quarter of 2024. The company's adjusted earnings per share of $0.77 beat the analyst consensus estimate of $0.75, and its revenue of $117.29 million exceeded the expected $115.08 million. These solid results, coupled with the positive outlook for the current quarter, contributed to the stock's pre-market surge.