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Freshworks Shares Jump After Q3 Results Beat Estimates; Full-Year Outlook Raised
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Freshworks Shares Jump After Q3 Results Beat Estimates; Full-Year Outlook Raised
Nov 9, 2024 12:26 PM

12:30 PM EST, 11/07/2024 (MT Newswires) -- Freshworks ( FRSH ) shares jumped past 27% in recent Thursday trading, a day after posting its Q3 results ahead of analysts' estimates and raising its full-year outlook.

The company reported Q3 non-GAAP diluted earnings late Wednesday of $0.11 per share, up from $0.08 a year earlier.

Analysts polled by Capital IQ expected $0.08.

Revenue for the quarter ended Sept. 30 was $186.6 million, up from $153.6 million a year earlier.

Analysts surveyed by Capital IQ expected $181.7 million.

The company said it expects Q4 non-GAAP earnings of $0.09 to $0.10 per share on revenue of $187.8 million to $190.8 million.

Analysts surveyed by Capital IQ expect $0.10 on sales of $189.3 million.

Meanwhile, the company raised its full-year earnings outlook to $0.38 to $0.39 per share from $0.32 to $0.34 per share previously.

Revenue guidance was increased to $713.6 million to $716.6 million from $707 million to $713 million earlier.

Analysts surveyed by Capital IQ expect $0.39 on sales of $713.4 million.

Price: 16.67, Change: +3.58, Percent Change: +27.35

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