Amplitude Expects FY24 Revenue of $291.5M-$294.5M (Est $297.386M), Adj EPS Of $0.06-$0.08 (Est $0.13)
Portfolio Pulse from Benzinga Newsdesk
Amplitude has provided its financial outlook for FY24, expecting revenue to be between $291.5M and $294.5M, which is below the estimated $297.386M. The company also forecasts an adjusted EPS of $0.06 to $0.08, lower than the estimated $0.13.
February 20, 2024 | 9:41 pm
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NEGATIVE IMPACT
Amplitude's FY24 revenue and adjusted EPS forecasts are below market estimates, indicating potential challenges ahead.
Amplitude's projected revenue and adjusted EPS for FY24 are both below analyst estimates, which could lead to negative investor sentiment and potentially impact the stock price negatively in the short term. The lower-than-expected financial outlook suggests that the company might be facing challenges that could hinder its growth or profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100