ACI Worldwide Inc (ACIW) shares are soaring 7.77% in pre-market trading on Thursday following the company's impressive third-quarter results and optimistic outlook. The payment software provider reported adjusted earnings per share of $1.09, significantly surpassing the analyst consensus of $0.80, while revenue of $482.36 million beat expectations of $465.3 million.
The strong performance was driven by a 10% year-over-year increase in recurring revenue, indicating robust demand for ACI's services. The company also highlighted early success with its new cloud-native payments hub, ACI Connetic, having signed its first customer. In light of these positive developments, ACI Worldwide raised its full-year 2025 revenue guidance to a range of $1.73 billion to $1.75 billion, up from the previous forecast of $1.71 billion to $1.74 billion.
Further boosting investor confidence, the company announced a $500 million share repurchase authorization. This combination of strong current performance, improved future outlook, and shareholder-friendly capital allocation appears to be driving the significant pre-market stock price surge.
Comments