Backblaze Expects Q3 Revenue $32.4M-$32.8M Vs $31.851M Est.; Sees 2024 Revenue Of $126.5M-$128.5M (Prior $126M-$128M) Vs $126.785M Consensus
Portfolio Pulse from Benzinga Newsdesk
Backblaze has updated its financial outlook, expecting Q3 2024 revenue between $32.4M and $32.8M, slightly above the $31.851M estimate. For full-year 2024, revenue is projected between $126.5M and $128.5M, compared to the $126.785M consensus.
August 09, 2024 | 7:26 am
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Backblaze has provided an updated financial outlook, expecting Q3 2024 revenue between $32.4M and $32.8M, slightly above the $31.851M estimate. For full-year 2024, revenue is projected between $126.5M and $128.5M, compared to the $126.785M consensus.
The updated revenue projections for Q3 and full-year 2024 are slightly above the consensus estimates, which is likely to have a positive short-term impact on the stock price as it indicates better-than-expected performance.
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