Stock Track | ACI Worldwide Soars on Impressive Q3 Results, Raised Guidance

Stock Track11-07

Shares of ACI Worldwide Inc (ACIW) surged over 6% in pre-market trading on Thursday, following the company's stronger-than-expected third-quarter 2024 financial results and an upward revision in its full-year guidance.

The provider of software and solutions for electronic payments and banking reported adjusted earnings of $0.97 per share for the third quarter, significantly outpacing analysts' consensus estimate of $0.60 per share. Revenue for the quarter came in at $451.8 million, surpassing the expected $403.3 million.

Encouraged by the robust performance, ACI Worldwide raised its revenue and adjusted EBITDA guidance for the full year 2024. The company now expects revenue in the range of $1.567 billion to $1.601 billion, higher than its previous forecast of $1.557 billion to $1.591 billion. Similarly, the adjusted EBITDA guidance was increased to a range of $433 million to $448 million, up from the earlier range of $423 million to $438 million.

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.

Comments

We need your insight to fill this gap
Leave a comment