Update: AppFolio Shares Rise After Higher Q3 Results That Beat Forecast, 2024 Revenue Outlook Raised

MT Newswires Live10-25

(Updates with the latest stock movement in the headline and first paragraph.)

AppFolio (APPF) shares rose 20% in recent Friday trading, a day after it posted higher Q3 results from a year earlier and raised its full-year 2024 revenue guidance.

The company reported Q3 non-GAAP net income late Thursday of $1.29 per diluted share, up from $0.59 a year earlier.

Analysts polled by Capital IQ expected normalized EPS of $1.03.

Revenue for the quarter ended Sept. 30 was $205.7 million, up from $165.4 million a year earlier.

Analysts surveyed by Capital IQ expected $199.1 million.

The company said it now expects full-year 2024 revenue of $786 million to $790 million, compared with its previous estimate of $772 million to $778 million. Analysts expect $778.9 million.

Price: 231.07, Change: +39.00, Percent Change: +20.31

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2478399989?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-25 21:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2478399989","market":"sh","top_or_hot":-1,"title":"Update: AppFolio Shares Rise After Higher Q3 Results That Beat Forecast, 2024 Revenue Outlook Raised","media":"MT Newswires Live","content":"<html><body><p> (Updates with the latest stock movement in the headline and first paragraph.)</p><p>AppFolio (APPF) shares rose 20% in recent Friday trading, a day after it posted higher Q3 results from a year earlier and raised its full-year 2024 revenue guidance.</p><p>The company reported Q3 non-GAAP net income late Thursday of $1.29 per diluted share, up from $0.59 a year earlier.</p><p>Analysts polled by Capital IQ expected normalized EPS of $1.03.</p><p>Revenue for the quarter ended Sept. 30 was $205.7 million, up from $165.4 million a year earlier.</p><p>Analysts surveyed by Capital IQ expected $199.1 million.</p><p>The company said it now expects full-year 2024 revenue of $786 million to $790 million, compared with its previous estimate of $772 million to $778 million. Analysts expect $778.9 million.</p><p>Price: 231.07, Change: +39.00, Percent Change: +20.31</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Update: AppFolio Shares Rise After Higher Q3 Results That Beat Forecast, 2024 Revenue Outlook Raised</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUpdate: AppFolio Shares Rise After Higher Q3 Results That Beat Forecast, 2024 Revenue Outlook Raised\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-25 21:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Updates with the latest stock movement in the headline and first paragraph.)AppFolio (APPF) shares rose 20% in recent Friday trading, a day after it posted higher Q3 results from a year earlier and ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APPF","symbol_name":"AppFolio, Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2478399989","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478399989","pubTimestamp":1729864487,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"AppFolio  shares rose 20% in recent Friday trading, a day after it posted higher Q3 results from a year earlier and raised its full-year 2024 revenue guidance.The company reported Q3 non-GAAP net income late Thursday of $1.29 per diluted share, up from $0.59 a year earlier.Analysts polled by Capital IQ expected normalized EPS of $1.03.Revenue for the quarter ended Sept. 30 was $205.7 million, up from $165.4 million a year earlier.Analysts surveyed by Capital IQ expected $199.1 million.The company said it now expects full-year 2024 revenue of $786 million to $790 million, compared with its previous estimate of $772 million to $778 million. Analysts expect $778.9 million.Price: 231.07, Change: +39.00, Percent Change: +20.31","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"APPF":"AppFolio, Inc."},"translate_title":"更新：AppFolio第三季度业绩超出预期，2024年收入前景上调后股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APPF":1},"content_text":"(Updates with the latest stock movement in the headline and first paragraph.)AppFolio (APPF) shares rose 20% in recent Friday trading, a day after it posted higher Q3 results from a year earlier and raised its full-year 2024 revenue guidance.The company reported Q3 non-GAAP net income late Thursday of $1.29 per diluted share, up from $0.59 a year earlier.Analysts polled by Capital IQ expected normalized EPS of $1.03.Revenue for the quarter ended Sept. 30 was $205.7 million, up from $165.4 million a year earlier.Analysts surveyed by Capital IQ expected $199.1 million.The company said it now expects full-year 2024 revenue of $786 million to $790 million, compared with its previous estimate of $772 million to $778 million. Analysts expect $778.9 million.Price: 231.07, Change: +39.00, Percent Change: +20.31","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478399989"}