Braze Q3 Adj $(0.05) Beats $(0.13) Estimate, Sales $123.96M Beat $117.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Braze (NASDAQ:BRZE) reported Q3 earnings with an adjusted loss of $(0.05) per share, surpassing the $(0.13) estimate, and sales of $123.96M, exceeding the $117.27M estimate. This reflects a 66.67% decrease in losses and a 33.11% increase in sales compared to the same period last year.
December 06, 2023 | 9:14 pm
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Braze's Q3 earnings outperformed expectations with a smaller loss and higher sales, indicating significant year-over-year improvement.
Braze's better-than-expected Q3 earnings report, with a notable beat on both the top and bottom lines, is likely to instill investor confidence and could lead to a short-term uptick in the stock price. The substantial improvement over last year's figures further emphasizes the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100