Klaviyo Expects Q2 Revenue Of $211M-$213M (Est $209.839M), Raises FY24 Forecast From $889M-$897M To $899M-$907M (Est $892.82M)
Portfolio Pulse from Benzinga Newsdesk
Klaviyo has raised its Q2 revenue forecast to $211M-$213M, surpassing the estimated $209.839M, and increased its FY24 revenue projection from $889M-$897M to $899M-$907M, exceeding the estimated $892.82M.
May 08, 2024 | 10:27 pm
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Klaviyo raises Q2 and FY24 revenue forecasts, indicating stronger than expected financial performance.
Klaviyo's upward revision of both its Q2 and full-year revenue forecasts suggests the company is experiencing stronger financial performance than analysts anticipated. This positive news is likely to instill investor confidence, potentially leading to a short-term increase in stock price as market participants react to the company's improved outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100