Chinese display ad company AirMedia Group (NASDAQ:AMCN) said Tuesday it expects fourth-quarter revenues of between $84 and $86 million, a year-on-year increase of 18.7 to 21.5 percent.
The previous guidance was for total revenues of $79.0 to $81 million.
Shares in the company rose eight percent Tuesday afternoon to $3.90.
In a statement, AirMedia chairman and chief executive Herman Guo said: "The company is able to raise guidance for the fourth quarter of 2011 due to stronger-than-expected advertising demand in the fourth quarter and less-than-anticipated impact from the flood in Thailand."
In November, the digital advertising screen company said third quarter revenues jumped 16 percent from a year earlier, topping its own guidance and helping to narrow losses for the third quarter.