FG Nexus shares surge 10.42% after-hours after Q3 EPS beats estimates by $0.08.

FG Nexus surged 10.42% in after-hours trading following the release of its third-quarter earnings report, which showed a significant improvement in profitability. The company reported Q3 EPS of $0.31, a sharp contrast to a $5.27 loss in the same period last year, exceeding estimates by $0.08. This earnings beat, coupled with the announcement of a shareholder update outlining operational highlights, likely drove the sharp price increase. Additional positive momentum may have stemmed from a recent $10.00 average price target set by analysts and the company’s strategic moves, including listing on Germany’s Deutsche Börse and a $200 million share buyback program. The improved earnings performance and positive guidance aligned with the stock’s upward trajectory, signaling renewed investor confidence in the firm’s turnaround efforts.