Liquidity Services (LQDT) reported fiscal Q1 adjusted earnings Thursday of $0.28, up from $0.14 a year earlier.
An analyst polled by FactSet expected $0.22.
Revenue for the quarter ended Dec. 31 was $122.3 million, compared with $71.3 million a year earlier.
The analyst surveyed by FactSet expected $105.4 million.
The company said it expects fiscal Q2 adjusted earnings of $0.27 to $0.35 per diluted share.
An analyst surveyed by FactSet expects $0.30.
The company's shares were up nearly 21% in recent Thursday premarket trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.