Confluent Sees Q3 Subscription Revenue $233M-$234M, Non-GAAP EPS $0.05 vs $0.05 Est.; Sees FY24 Subscription Revenue $910M., Non-GAAP EPS $0.20 vs $0.21 Est.
Portfolio Pulse from Benzinga Newsdesk
Confluent (CFLT) has announced its Q3 subscription revenue to be between $233M and $234M, with a Non-GAAP EPS of $0.05, matching estimates. For FY24, the company projects subscription revenue of $910M and a Non-GAAP EPS of $0.20, slightly below the $0.21 estimate.
July 31, 2024 | 8:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Confluent's Q3 subscription revenue is in line with expectations at $233M-$234M, and Non-GAAP EPS matches estimates at $0.05. However, FY24 projections show a slight miss in Non-GAAP EPS at $0.20 vs. $0.21 estimate.
The Q3 results are in line with expectations, which should have a neutral impact on the stock price. However, the slight miss in FY24 Non-GAAP EPS could create minor negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100