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AppFolio Q3 Non-GAAP Net Income, Revenue Increase; 2024 Revenue Outlook Raised
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AppFolio Q3 Non-GAAP Net Income, Revenue Increase; 2024 Revenue Outlook Raised
Nov 3, 2024 11:13 AM

05:33 PM EDT, 10/24/2024 (MT Newswires) -- AppFolio ( APPF ) reported Q3 non-GAAP net income late Thursday of $1.29 per diluted share, up from $0.59 a year earlier.

Analysts polled by Capital IQ expected normalized EPS of $1.03.

Revenue for the quarter ended Sept. 30 was $205.7 million, up from $165.4 million a year earlier.

Analysts surveyed by Capital IQ expected $199.1 million.

The company said it now expects full-year 2024 revenue of $786 million to $790 million, compared with its previous estimate of $772 million to $778 million. Analysts expect $778.9 million.

AppFolio ( APPF ) shares were up nearly 5% in after-hours activity.

Price: 201.00, Change: +8.93, Percent Change: +4.65

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