Klaviyo Sees Q4 Revenue $195M-$197M Vs $194.81M Est.; FY23 Revenue $691.5M-$693.5M Vs $682.77M Est.
Portfolio Pulse from Benzinga Newsdesk
Klaviyo has provided its Q4 and FY23 revenue guidance, expecting Q4 revenue to be between $195M-$197M, compared to estimates of $194.81M, and FY23 revenue to be between $691.5M-$693.5M, compared to estimates of $682.77M. The company has not provided a reconciliation of non-GAAP operating income guidance measures to GAAP measures due to unpredictability of certain items.
November 07, 2023 | 9:43 pm
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POSITIVE IMPACT
Klaviyo's revenue guidance for Q4 and FY23 exceeds estimates, which could positively impact the company's stock price in the short term.
Klaviyo's revenue guidance for both Q4 and FY23 is higher than the estimates. This indicates that the company is performing well and could lead to increased investor confidence, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100