Trustpilot Group PLC (LSE:TRST) shares jumped almost 20% on Thursday morning as the consumer review business lifted full-year earnings guidance in the wake of strong first-half trading.
London-listed Trustpilot said that pre-tax earnings would likely sit above the top end of market expectations in a trading update, while revenue should see growth in the mid-teens.
Reporting on the six months to June, the company announced adjusted earnings of US$3mln, compared to a loss of US$5.4mln in the first half of last year, with revenue growing too.
“Resilient trading” and “improved operational efficiency” should prompt the better-than-expected full-year showing, the company said, hinting progress towards finding a new chief executive was also being made.
Trustpilot shares climbed 19% to 80.9p on the news.