IBEX Shares Jump After Fiscal Q4 Adjusted Earnings, Revenue Rise

MT Newswires Live

Sep 13, 2024

IBEX (IBEX) shares were up nearly 18% in recent trading on Friday, a day after the company reported an increase in fiscal Q4 adjusted earnings and revenue.

The company reported fiscal Q4 adjusted earnings late Thursday of $0.58 per diluted share, up from $0.33 a year earlier. Two analysts polled by Capital IQ expected $0.53.

Revenue for the quarter ended June 30 rose to $124.5 million from $124.4 million a year earlier. Two analysts surveyed by Capital IQ expected $122.3 million.

The company said it expects fiscal Q1 revenue in the range of $124 million to $126 million. Two analysts polled by Capital IQ expect $125.2 million.

For fiscal 2025, the company expects revenue in the range of $510 million to $525 million. Two analysts surveyed by Capital IQ expect $518.4 million.

Price: 19.72, Change: +2.99, Percent Change: +17.87

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