I3 Verticals Inc. (IIIV) stock surged 7.20% in pre-market trading on Friday, fueled by the company's better-than-expected earnings results for the first quarter of fiscal 2025.
The financial technology firm reported adjusted earnings per share of $0.31 for the quarter ended December 31, 2024, surpassing the consensus analyst estimate of $0.26. However, revenue fell 32.9% year-over-year to $61.69 million, missing expectations of $58.79 million.
Despite the revenue miss, investors appeared to focus on the company's earnings beat, driving the stock higher in the pre-market trading session. The strong earnings performance could signal I3 Verticals' ability to navigate the challenging economic environment and maintain profitability.
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