Elastic shares are trading higher after the company reported better-than-expected Q1 results, provided above-consensus Q2 outlook, and raised FY24 adj. EPS guidance.
Portfolio Pulse from Benzinga Newsdesk
Elastic (ESTC) reported better-than-expected Q1 results, provided an above-consensus Q2 outlook, and raised its FY24 adjusted EPS guidance. This has led to a rise in the company's share price.
September 01, 2023 | 9:28 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Elastic's better-than-expected Q1 results, positive Q2 outlook, and raised FY24 EPS guidance have led to a rise in its share price.
Elastic's strong Q1 results and positive future outlook indicate a strong financial performance, which is a positive signal to investors. This has led to increased demand for the company's shares, resulting in a rise in its share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100