Klaviyo Q3 EPS $(1.24) Misses $0.05 Estimate, Sales $175.81M Beat $167.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Klaviyo (NYSE:KVYO) reported Q3 losses of $(1.24) per share, missing the analyst consensus estimate of $0.05 by 2580 percent. This is a 1140 percent decrease from the same period last year. However, the company's quarterly sales of $175.81 million beat the analyst consensus estimate of $167.06 million by 5.24 percent, marking a 47.53 percent increase from last year.
November 07, 2023 | 9:21 pm
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NEGATIVE IMPACT
Klaviyo's Q3 earnings per share missed estimates significantly, but sales exceeded expectations.
Klaviyo's Q3 earnings per share missed the analyst consensus estimate by a large margin, which could negatively impact investor sentiment and the stock price. However, the company's sales beat estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100