The company earned $15.7 million, or 15 cents a share, in the quarter, compared with $12.8 million, or 12 cents a share, a year earlier. Analysts polled by FactSet had expected earnings of 12 cents a share.

Revenue rose 35% to $58.6 million, ahead of the $48.9 million analyst estimate. At Thursday’s market close, the stock was up 24% year to date.

SBC Medical Group said growth and improved profitability in its core medical services organization, or MSO, business contributed to the results. The business provides management support to medical institutions across healthcare fields in Japan and elsewhere. The company attributed MSO revenue growth to an expanding clinical network and higher service fees per clinic.