News + Analysen
News + Adhoc
zugeh. Wertpapiere
Strukturierte Produkte
08.02.2023 00:03:00

: New Relic stock soars after earnings as forecast tops expectations

Shares of New Relic Inc. NEWR were surging more than 14% in after-hours action Tuesday after the company topped expectations with its latest results and delivered an upbeat forecast. The software company, which lets companies store and analyze data, generated a fiscal third-quarter net loss of $26.0 million, or 38 cents a share, compared with a loss of $62.7 million, or 96 cents a share, in the year-before quarter. On an adjusted basis, the company earned 32 cents a share, whereas it lost 18 cents a share on the metric a year prior. The FactSet consensus was for 15 cents a share in adjusted earnings. Revenue rose to $239.8 million from $203.6 million, while analysts were modeling $232.7 million. “We are attracting new customers at a rapid pace and growing with our existing customer base as they expand their observability practices and continue with their digital transformation and cloud adoption,” Chief Executive Bill Staples said in a release. For the fiscal fourth quarter, New Relic expects $240 million to $242 million in revenue and 20 cents to 23 cents in adjusted earnings per share. The FactSet consensus was for $238.8 million in revenue and 15 cents in adjusted EPS. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Weiter zum vollständigen Artikel bei "Market Watch"


Viele Anleger setzen deshalb auf den Aktiv verwalteten Global Inflation Protection Basket. Informieren Sie sich über die breit gestreute Auswahl an robusten Aktien & ETFs.