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BUZZ-Bridger Aerospace soars after FY rev forecast boost

Reuters·11/12/2024 11:51:40
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BUZZ-Bridger Aerospace soars after FY rev forecast boost

** Shares of Bridger Aerospace BAER.O soar 26.5% premarket to $4.43, an over 5-mth high, after aerial firefighting firm posted higher Q3 rev and earnings and boosted 2024 rev outlook

** Co late Mon reported rev in qtr grew 20% y/y to $64.5 mln and adj EPS of 31 cents vs 22 cents last year

** "Continued dry weather in the western U.S. kept multiple aircraft operating into November," co said in statement

** As a result, it raised full-yr rev guidance to $90-$95 mln from $70-$86 mln

** Through Mon, shares lost half their value


(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))