Movement Alert｜Bentley Systems, Inc. Pre-Market Rise 5.41%, Q3 earnings and revenue topped expectations

Market Focus11-05

On November 5, Bentley Systems, Inc. rose 5.41% in Pre-Market Trading, trading at $46.0/share, with Turnover of $1.59 ten thousand.

The main catalyst was its September-quarter results, with adjusted earnings per share and revenue both coming in above market expectations.

Bentley Systems, Inc. reported Q3 adjusted EPS of $0.36 versus $0.27 a year earlier, ahead of the $0.33 consensus estimate. Revenue rose to $421.5 million from $375.5 million, also slightly above the expected $420.7 million. Ahead of the release, market expectations had pointed to roughly 13.84% revenue growth and a $0.33 adjusted EPS print, while a recent broker update had also raised its price target to $45 from $40. Earlier this week, the company also said its Seequent unit acquired Eliis to strengthen seismic interpretation capabilities, adding strategic context to its subsurface software expansion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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