Opera rises after raising full-year revenue forecast

Opera

22/08/2024 15:55

** Norway-based web browser developer Opera  OPRA.O  shares
rise about 14% to $14.68 
    ** OPRA says it now expects 2024 revenue in the range of
$461 mln to $467 mln vs $454 mln to $465 mln expected earlier 
    ** Co also reports better-than-expected Q2 revenue, boosted
by strong growth in advertising and search revenue
    ** OPRA Q2 revenue of $109.7 mln beats analysts'
expectations of $108.5 mln, according to LSEG data
    ** Co reports Q2 net income of $19.3 mln vs $13.5 mln, last
year
    ** All six analysts covering the stock rate it "buy" or
higher; their median PT is $19 - LSEG data  
    ** Including session moves, stock has climbed nearly 7.52%
YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.Srivastava2@thomsonreuters.com;))