Braze Sees Q2 Adj. EPS $(0.04)-$(0.03) Vs $(0.04) Est.; Revenue $140.5M-$141.5M Vs $139.781M Est.
Portfolio Pulse from Benzinga Newsdesk
Braze has released its Q2 financial guidance, projecting an adjusted EPS of $(0.04)-$(0.03), which is in line with the estimated $(0.04). The company also expects revenue between $140.5 million and $141.5 million, surpassing the estimated $139.781 million.
June 06, 2024 | 8:14 pm
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Braze's Q2 guidance shows an adjusted EPS of $(0.04)-$(0.03), matching estimates, and revenue of $140.5M-$141.5M, exceeding expectations. This positive revenue outlook could boost investor confidence.
The revenue guidance exceeding estimates is a positive indicator for the company's performance, likely leading to a short-term increase in stock price. The EPS guidance being in line with estimates also adds stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100