Zuora shares are trading higher after the company reported a year-over-year increase in Q1 EPS and better-than-expected Q1 revenue results. Also, the company issued Q2 guidance above estimates and FY24 EPS guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Zuora reported a YoY increase in Q1 EPS and better-than-expected Q1 revenue results, leading to a rise in its share price. The company also issued Q2 and FY24 EPS guidance above estimates.
May 25, 2023 | 4:37 pm
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POSITIVE IMPACT
Zuora's Q1 EPS and revenue beat expectations, and the company provided higher-than-expected Q2 and FY24 EPS guidance, positively impacting its stock price.
Zuora's better-than-expected Q1 results and optimistic Q2 and FY24 EPS guidance indicate strong financial performance and future growth potential, which is likely to positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100