NIQ Global Intelligence shares jumped 37% on Tuesday after the company reported second-quarter results that exceeded Wall Street forecasts and raised its full-year outlook. Adjusted earnings per share came in at $0.27 on revenue of $1.12 billion, beating analyst estimates by $0.07 and $10 million respectively, with total revenue up 8% year over year. The company now expects full-year adjusted EPS between $1.08 and $1.12, up from prior guidance of $0.95 to $0.99, and raised its sales growth forecast to a range of 7.1% to 7.4%. Adjusted EBITDA margin improved 270 basis points to 23.3% in the quarter, and management anticipates reducing its net-debt-to-EBITDA ratio below 3 by year-end.
NIQ Global Intelligence plcQ2 earnings beat and raised guidance
