(Updates with the stock move in the headline and the first paragraph.)
Innodata (INOD) shares were up 14.5% in premarket activity Friday after the company reported overnight a multi-fold increase in Q4 earnings as sales more than doubled.
The company reported Q4 earnings late Thursday of $0.31 per diluted share, up from $0.05 a year earlier.
Four analysts polled by FactSet expected $0.21.
Revenue in the three months ended Dec. 31 rose to $59.2 million from $26.1 million a year earlier.
Four analysts surveyed by FactSet expected $53 million.
The company forecast at least 40% revenue growth in 2025 with updates expected later in the year.
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