05:50 PM EDT, 07/31/2024 (MT Newswires) -- Confluent (CFLT) reported Q2 non-GAAP net income late Wednesday of $0.06 per diluted share, up from breakeven a year earlier.

Analysts polled by Capital IQ expected $0.05.

Revenue for the quarter ended June 30 rose to $235 million from $189.3 million a year earlier.

Analysts surveyed by Capital IQ expected $230.2 million.

For Q3, the company expects non-GAAP EPS of $0.05.

The consensus is for $0.05.

For 2024, Confluent said it now expects non-GAAP EPS of $0.20. In May, the company projected non-GAAP EPS at $0.19 to $0.20.

Analysts are looking for $0.20.

Confluent shares were down nearly 13% in after-hours activity.

Price: 21.99, Change: -3.03, Percent Change: -12.11