Amplitude Sees Q4 EPS $0.02-$0.03 Vs $0.03 Est.; Revenue $71.3M-$71.9M Vs $70.35M Est.; FY23 EPS $0.05-$0.06 Vs $0.04 Est.; Revenue $276.2M-$276.8M Vs $274.87M Est.
Portfolio Pulse from Benzinga Newsdesk
Amplitude has provided its Q4 and FY23 financial outlook, expecting Q4 EPS of $0.02-$0.03 and revenue of $71.3M-$71.9M, and FY23 EPS of $0.05-$0.06 and revenue of $276.2M-$276.8M. These estimates exceed the current market expectations. However, the company warns that these are forward-looking statements and actual results may differ materially.
November 08, 2023 | 1:26 am
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POSITIVE IMPACT
Amplitude's Q4 and FY23 financial outlook exceeds market expectations, which could positively impact its stock price. However, the company's warning about the forward-looking nature of these estimates may temper investor enthusiasm.
Amplitude's projected earnings and revenue for Q4 and FY23 are higher than market estimates, which could lead to a positive reaction from investors and a potential increase in the stock price. However, the company's caution about these being forward-looking statements and that actual results may differ could introduce some uncertainty and temper the potential positive impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100