Perion Network (PERI) shares were up 13% in recent Tuesday trading after Q1 results topped analyst estimates and the company raised its 2025 revenue guidance.
The company posted Q1 non-GAAP earnings of $0.11 per diluted share, down from $0.44 a year earlier.
Four analysts polled by FactSet expected $0.09.
Revenue for the quarter ended March 31 was $89.3 million, down from $157.8 million a year earlier.
Analysts surveyed by FactSet expected $86.8 million.
The company raised its full year 2025 revenue guidance to $430 million to $450 million from $400 million to $420 million earlier. Analysts expect $409.9 million.
Price: 10.88, Change: +1.31, Percent Change: +13.69
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