By Stephen Nakrosis
Digital promotions company Ibotta saw its shares rise in the after-hours market following the release of first-quarter financial results that topped some analysts' estimates.
After the bell, the company's stock was 10% higher, at $55.40. Shares were basically flat in Wednesday's regular session, closing at $50.13.
For the first quarter, the company reported earnings per share of 2 cents on revenue of $84.6 million. Analysts were expecting EPS of 1 cent on earnings of $82.1 million, according to FactSet.
The company had guided to revenue of $80 million to $84 million.
In the year-ago period, the company reported EPS of 33 cents on revenue of $82.3 million.
For the second quarter, Ibotta said it was expecting revenue in a range of $86.5 million to $92.5 million.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 14, 2025 18:47 ET (22:47 GMT)
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