Shares of Kornit Digital (KRNT) surged 6.86% in Wednesday's trading session following the release of its first-quarter 2025 earnings report, which showed better-than-expected adjusted earnings despite a slight revenue miss. The digital printing solutions provider demonstrated resilience in a challenging market environment, leading to increased investor confidence.
Kornit Digital reported adjusted earnings per share of $0.01 for the quarter ended March 31, significantly beating the mean analyst expectation of a $0.04 loss per share. This performance marks a substantial improvement from the $0.11 loss per share reported in the same quarter last year. Revenue rose 6.1% year-over-year to $46.457 million, falling just short of the $47.36 million analysts had anticipated.
While the company's reported EPS showed a loss of $0.11, resulting in a quarterly net loss of $5.06 million, investors appeared to focus on the adjusted figures and the company's forward-looking statements. Kornit Digital provided guidance for the second quarter, projecting revenue between $49 million and $55 million, indicating potential for continued growth. The company's ability to outperform on adjusted earnings despite challenging market conditions seems to have resonated positively with shareholders, driving the stock's significant intraday gain.