Bridger Aerospace soars after FY rev forecast boost

Bridger Aerospace group

12/11/2024 11:51

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