Alteryx Tops Q3 Estimates, Issues Guidance: Details
Portfolio Pulse from Ryan Gustafson
Alteryx Inc. reported better-than-expected Q3 results, with earnings of 29 cents per share, a 680% increase YoY, and revenue of $232 million, a 7.55% increase YoY. The company also reported $914 million in ARR, a 21% increase YoY. Q4 revenue is estimated to be between $334 million and $340 million, a YoY increase of 11% to 13%. Full-year 2023 revenue is anticipated to be between $953 million and $959 million, representing YoY growth of 11% to 12%. Shares of AYX were up 15.33% in the after-hours session.
November 06, 2023 | 10:11 pm
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Alteryx reported strong Q3 results, beating estimates and showing significant YoY growth. The company's positive outlook for Q4 and full-year 2023 revenues also bodes well for the stock. Shares were up 15.33% in after-hours trading.
Alteryx's better-than-expected Q3 results and positive future revenue outlook are likely to boost investor confidence and drive the stock price up in the short term. The significant YoY growth in earnings and revenue, as well as the after-hours stock price increase, indicate a positive impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100