Shares of Simulations Plus, Inc. (SLP) were gaining around 14 percent in the pre-market activity on the Nasdaq after the provider of software and consulting services in biopharma sector reported higher earnings for the second quarter, attributed by overall topline growth.
Meanwhile, the company trimmed its fiscal 2026 adjusted earnings per share forecast, to reflect an increase in the expected effective tax rate for fiscal 2026.
For the second quarter, net income attributable to ordinary shareholders was $4.54 million or $0.22 per share, compared to $3.07 million or $0.15 per share in the same quarter of last year.
On an adjusted basis, net income was $7.03 million or $0.35 per share, compared to $6.20 million or $0.31 a year earlier.
Quarterly net revenue increased 8 percent to $24.29 million from $22.43 million a year before.
Looking ahead to the fiscal 2026, the company now expects adjusted earnings per share to be $0.75 to $0.85, lower than previously expected range of $1.03 - $1.10.
Further, the company continues to expect annual revenue to range between $79 million and $82 million, a growth of 0 percent to 4 percent year-over-year.
In pre-market activity on the Nasdaq, shares of Simulations were gaining around 13.78 percent, trading at $14.78, after closing Thursday's regular trading 0.08 percent lower.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.