Confluent Raises FY24 Total Revenue Outlook From ~$950M To ~$957M (Est $952.823M), Adj EPS From $0.17 To $0.19 - $0.20 (Est $0.18)
Portfolio Pulse from Benzinga Newsdesk
Confluent has increased its FY24 total revenue forecast from approximately $950 million to about $957 million, surpassing the estimated $952.823 million. Additionally, the adjusted EPS (Earnings Per Share) outlook has been raised from $0.17 to a range of $0.19 to $0.20, exceeding the estimated $0.18.
May 07, 2024 | 8:43 pm
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Confluent has revised its FY24 revenue and adjusted EPS forecasts upwards, indicating stronger than expected financial performance.
The upward revision in both revenue and EPS forecasts by Confluent suggests a positive outlook on the company's financial health and operational efficiency. This is likely to instill confidence among investors, potentially leading to a short-term increase in stock price as the market reacts to the positive guidance.
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