Cornerstone FS PLC (AIM:CSFS) shares shot up over 25% on Monday following a bullish update to its full-year earnings forecast.
The foreign exchange and payments group announced that adjusted earnings for the year ending 31 December 2023 are expected to be “materially ahead of current market expectations”.
It was the second earnings upgrade since September for Cornerstone in what has been an exceptional year of trading for the group.
Shares were swapping for 14.5p with a market capitalisation of £8.21 million as of 9am. Cornerstone’s shares are now up over 130% year to date.