Expro Group Holdings N.V. (NYSE: XPRO) rallied 6.76% in Tuesday's intraday trading session, following the release of the company's fourth quarter and full-year 2024 financial results. Despite a slight revenue miss, the oilfield services provider's earnings and profitability impressed investors, driving the stock higher.

For the fourth quarter, Expro reported adjusted earnings per share of $0.36, surpassing analysts' consensus estimate of $0.31 by a solid margin. While quarterly revenue of $436.8 million fell short of the projected $446.8 million, the company's full-year 2024 revenue grew an impressive 13% year-over-year to $1.71 billion.

Notably, Expro's adjusted EBITDA increased by a substantial 40% year-over-year to $347 million for the full year 2024, with margins expanding to 20% from 16% in the prior year. This profitability improvement was attributed to higher revenue, including contributions from the Coretrax acquisition, and a more favorable activity mix towards higher-margin services.