Arena Shares Rise After Company Swings to Q3 Profit

MT Newswires Live

2024-11-15

Arena (AREN) shares more than tripled in recent premarket trading on Friday after the company reported Q3 earnings.

Arena reported Q3 diluted earnings late Thursday of $0.11 per share, swinging from a loss of $0.47 a year earlier.

Revenue from continuing operations for the quarter ended Sept.30 was 33.6 million, down from $37 million a year earlier.

Comparable analyst estimates were not immediately available.

Price: 2.0403, Change: +1.4600, Percent Change: +252.14%

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