Shares of Corsair Gaming rose after the technology company raised adjusted earnings per share guidance and swung to a profit in its second quarter.

The stock was up 31% to $13.93 in recent trading, and more than doubled since the start of the year.

The company posted net income of $8.84 million, or 6 cents a share, compared with a loss of $20.9 million, or 16 cents a share, a year earlier.

Revenue fell 2% to $314.3 million, as sales declined in its gaming components and systems segment due to higher memory pricing. Analysts polled by FactSet expected $310.5 million.

For the third quarter, the company forecast revenue between $320 million and $350 million and adjusted earnings per share between 9 cents and 12 cents. Analysts polled by FactSet are expecting sales of $337.6 million and adjusted earnings per share of 12 cents.

For the full-year, the company raised the low end of its revenue guidance to between $1.40 billion and $1.47 billion from between $1.33 billion and $1.47 billion. It raised its adjusted earnings per share outlook to between 85 cents and 94 cents from between 58 cents and 74 cents.

Analysts polled by FactSet are expecting sales of $1.44 billion and adjusted earnings per share of 90 cents.