Stock Track | NerdWallet Soars Over 31% Pre-Market on Strong Q3 Results, Buyback Plan

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Shares of personal finance company NerdWallet Inc. (NRDS) surged over 31% in pre-market trading on Monday, following the company's impressive third quarter 2024 earnings results and the announcement of a new share repurchase program.

For the quarter ended September 30, 2024, NerdWallet reported revenue of $191.3 million, up an impressive 25% year-over-year. This robust topline growth was primarily driven by continued strength in the company's insurance products and small and medium-sized business (SMB) verticals. The revenue figure handily beat Wall Street's expectations.

On the profitability front, NerdWallet delivered non-GAAP operating income of $22.9 million, significantly higher than the $9.5 million reported in the prior-year quarter. The company highlighted increased operational efficiency and disciplined cost management as key factors behind this improved profitability.

In the earnings release, NerdWallet also unveiled a new $25 million share repurchase program, following the completion of its previous buyback plan. The company stated that the new repurchase initiative underscores its commitment to enhancing shareholder value.

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(NRDS) surged over 31% in pre-market trading on Monday, following the company's impressive third quarter 2024 earnings results and the announcement ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NRDS","symbol_name":"NerdWallet","start_time":0,"source_url":"","article_id":"1121942967","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121942967","pubTimestamp":1730277384,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of personal finance company NerdWallet Inc.  surged over 31% in pre-market trading on Monday, following the company's impressive third quarter 2024 earnings results and the announcement of a new share repurchase program.For the quarter ended September 30, 2024, NerdWallet reported revenue of $191.3 million, up an impressive 25% year-over-year. 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