Amplitude Expects Q2 Revenue Of $71.7M-$72.3M (Est $71.469M), Adj EPS Of $(0.02)-$(0.01), Est $0.01
Portfolio Pulse from Benzinga Newsdesk
Amplitude forecasts Q2 revenue to be between $71.7M and $72.3M, surpassing the estimated $71.469M. The company anticipates an adjusted EPS of $(0.02) to $(0.01), contrary to the expected $0.01.
May 09, 2024 | 9:01 pm
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NEUTRAL IMPACT
Amplitude's Q2 revenue forecast exceeds expectations, but its adjusted EPS is anticipated to be lower than estimated.
The positive revenue forecast could boost investor confidence, offset by the lower-than-expected adjusted EPS. The mixed financial outlook suggests a neutral short-term impact on AMPL's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100