Stock Track | Docebo Soars in Pre-Market on Impressive Q3 Results, Raised 2024 Guidance

Stock Track2024-11-08

Shares of Docebo Inc. (NASDAQ: DCBO) surged 5.51% in pre-market trading on Wednesday after the Canadian cloud-based learning platform reported better-than-expected third-quarter results and raised its full-year guidance.

For the quarter ended September 30, Docebo posted adjusted earnings of $0.27 per diluted share, handily beating analysts' average estimate of $0.21. Revenue jumped 19.2% year-over-year to $55.433 million, also exceeding the consensus forecast of $54.147 million.

Encouraged by the solid Q3 performance, Docebo raised its 2024 revenue growth guidance to 19.5%, up from its previous outlook of 18% to 19%. Analysts on average were expecting full-year revenue of $214.5 million.

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