Recap: Amplitude Q3 Earnings
Portfolio Pulse from Benzinga Insights
Amplitude (NASDAQ:AMPL) reported its Q3 earnings, beating estimated earnings by 66.67% with an EPS of $0.05 versus an estimate of $0.03. Revenue was up $9.02 million from the same period last year. Last quarter, the company missed on EPS by $0.0, which was followed by a 6.74% increase in the share price the next day.
November 07, 2023 | 9:35 pm
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POSITIVE IMPACT
Amplitude's Q3 earnings beat estimates, which could lead to a positive market reaction. The company's history of share price increase following an EPS miss last quarter may also influence investor sentiment.
Amplitude's earnings beat is a positive signal to the market, indicating strong performance. This, coupled with the company's history of share price increase following an EPS miss, could lead to increased investor confidence and a potential rise in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100