05:37 PM EDT, 05/08/2024 (MT Newswires) -- Klaviyo ( KVYO ) late Wednesday reported Q1 adjusted net income of $0.13 per diluted share, compared with $0.10 a year ago.

Analysts polled by Capital IQ expected $0.11.

Revenue for the quarter ended March 31 was $210 million, up from $156.1 million a year earlier.

Analysts expected $202.1 million.

For Q2, the company is projecting revenue of $211 million to $213 million. Analysts are looking for $209.8 million.

For 2024, it is expecting revenue of $899 million to $907 million. Analysts anticipate $892.8 million this year.

Klaviyo ( KVYO ) shares were more than 6% higher in extended trading.

Price: 23.00, Change: +1.47, Percent Change: +6.83