CompoSecure jumps after Q4 profit beat
07/03/2024 16:11
** Shares of metal payment card maker CompoSecure CMPO.O
rise as much as 37.7%; last up 26.8% at $5.96
** After market close on Wednesday, CMPO posted Q4 adjusted
profit of 26 cents/shr vs analysts' expectation of 23 cents/shr
- LSEG data
** Q4 net sales jumped 7% to $99.9 mln, driven by continued
domestic growth in CMPO's metal payment card business
** CMPO forecast annual net sales between $408 mln and $428
mln vs estimates of $418.6 mln
** Co also announced a securities repurchase program of up
to $40 mln
** Including session's gain, stock up 11.1% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))