Valvoline Inc. shares rise 2.01% after-hours after reporting Q3 earnings beat and revenue rise.

Valvoline Inc. rose 2.01% in after-hours trading, driven by the company's positive earnings report for the third quarter. Valvoline reported fiscal third-quarter net income of $56.5 million, with adjusted earnings of 47 cents per share, surpassing Wall Street expectations. The company also posted revenue of $439 million, which exceeded analyst forecasts. Additionally, Valvoline updated its earnings guidance for the full year, narrowing its forecast after beating Q3 adjusted EPS expectations.