Shares of Sharkninja Inc (SN) surged 7.16% in pre-market trading on Thursday, following the release of the company's impressive first-quarter 2025 financial results. The home appliance maker reported robust earnings and provided an optimistic outlook for the full year, exciting investors ahead of the market open.
Sharkninja's Q1 performance was marked by solid financial metrics across the board. The company reported a gross profit of $603.226 million and a pretax profit of $145.533 million. Operating income stood at $144.946 million, while operating expenses were kept in check at $458.28 million. Notably, Sharkninja delivered a basic earnings per share (EPS) of $0.84, indicating strong profitability for the quarter.
Adding to the positive sentiment, Sharkninja provided an upbeat forecast for the full fiscal year, projecting sales growth between 11% and 13%. This optimistic outlook suggests that the company expects continued strong demand for its innovative home appliance products throughout the year. The combination of strong current performance and positive future expectations appears to be driving investor enthusiasm, as reflected in the significant pre-market stock price increase.
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