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SPS Commerce Q3 Non-GAAP Earnings, Revenue Rise; 2024 Outlook Revised
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SPS Commerce Q3 Non-GAAP Earnings, Revenue Rise; 2024 Outlook Revised
Nov 3, 2024 11:12 AM

05:42 PM EDT, 10/24/2024 (MT Newswires) -- SPS Commerce ( SPSC ) reported Q3 non-GAAP earnings late Thursday of $0.92 per diluted share, up from $0.75 a year earlier.

Analysts polled by Capital IQ expected $0.83.

Revenue for the quarter ended Sept. 30 rose to $163.7 million from $135.7 million a year earlier.

Analysts surveyed by Capital IQ expected $160.3 million.

For Q4, the company expects adjusted EPS of $0.83 to $0.84 on revenue of $168.5 million to $169.5 million. Analysts surveyed by Capital IQ expect $0.88 and $167.6 million, respectively.

For 2024, SPS now projects adjusted EPS at $3.41 to $3.42 on revenue of $635.4 million to $636.4 million. In July, the company expected adjusted EPS of $3.63 to $3.66 on revenue of $624.2 million to $626 million.

Analysts surveyed by Capital IQ expect $3.36 and $631.3 million, respectively.

Price: 190.00, Change: -0.98, Percent Change: -0.51

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