Amplitude Raises FY24 Revenue Forecast From $291.5M-$294.5M To $292.5M-$295.5M (Est $293.13M), Adj EPS From $0.06 - $0.08 To $0.07 - $0.09, Est $0.09
Portfolio Pulse from Benzinga Newsdesk
Amplitude has increased its FY24 revenue forecast to $292.5M-$295.5M from the previous range of $291.5M-$294.5M, slightly above the estimated $293.13M. Additionally, the company has adjusted its EPS forecast from $0.06-$0.08 to $0.07-$0.09, aligning with the estimated $0.09.
May 09, 2024 | 9:04 pm
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POSITIVE IMPACT
Amplitude has raised its FY24 revenue and EPS forecasts, indicating stronger than expected financial performance.
Raising both revenue and EPS forecasts suggests Amplitude is experiencing stronger demand and operational efficiency than previously anticipated. This positive adjustment is likely to instill confidence among investors, potentially leading to a short-term uptick in AMPL's stock price. The alignment of the new EPS forecast with analyst estimates also indicates that the company's financial health is in line with market expectations, further supporting potential positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100