Braze Stock Is Barreling Higher After Hours: What's Driving The Action?
Portfolio Pulse from Adam Eckert
Braze Inc (NASDAQ:BRZE) shares surged in after-hours trading following better-than-expected Q1 financial results. The company reported revenue of $135.459 million, beating estimates, and a smaller-than-expected adjusted loss of 5 cents per share. Braze also provided strong guidance for Q2 and the full year.
June 06, 2024 | 9:05 pm
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Braze Inc reported better-than-expected Q1 financial results, with revenue of $135.459 million and an adjusted loss of 5 cents per share, both beating estimates. The company also provided strong guidance for Q2 and the full year, leading to a 15.6% surge in after-hours trading.
The strong financial performance and positive guidance indicate robust business momentum, which is likely to drive the stock price higher in the short term. The significant after-hours price increase reflects investor optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100