Phibro Animal Health's stock experienced a significant surge of 10.98% during pre-market trading on Thursday, following the release of its quarterly financial results.
The sharp increase came after the company reported fiscal second-quarter adjusted earnings and sales that exceeded analyst expectations. Additionally, Phibro Animal Health raised its full-year fiscal 2026 outlook, providing investors with increased confidence in the company's future performance.
According to the earnings report released late Wednesday, the company posted adjusted earnings of $0.87 per diluted share for the quarter ended December 31, significantly higher than the $0.55 reported a year earlier and beating the FactSet consensus estimate of $0.67. Revenue also showed strong growth, reaching $373.9 million compared to $309.3 million in the same period last year and surpassing the $355.6 million expected by analysts.