Phibro Animal Health's stock surged 13.21% during intraday trading on Thursday, driven by the company's impressive fiscal second-quarter results and an upward revision to its full-year outlook.
The animal health company reported adjusted earnings of $0.87 per diluted share for the quarter ended December 31, significantly exceeding the FactSet consensus estimate of $0.67 and marking a substantial increase from $0.55 a year earlier. Revenue also beat expectations, climbing to $373.9 million compared to analyst forecasts of $355.6 million.
In a key move that bolstered investor confidence, Phibro Animal Health raised its fiscal 2026 guidance. The company now expects adjusted diluted earnings per share in the range of $2.93 to $3.10, up from its prior forecast of $2.64 to $2.81. Full-year revenue guidance was also increased to $1.45 billion to $1.50 billion from the previous range of $1.43 billion to $1.48 billion.