Confluent Shares Jump After Q3 Results Top Estimates, 2024 Guidance Boosted

MT Newswires Live11-01

Confluent (CFLT) shares jumped 17% in recent Thursday trading after Q3 earnings and revenue rose more than forecast by analysts.

In the three months ended Sept. 30, non-GAAP diluted earnings rose to $0.10 per diluted share from $0.02 a year earlier, the company said Wednesday in a statement.

Analysts polled by Capital IQ expected $0.05.

Revenue increased to $250.2 million from $189.3 million a year earlier.

Analysts surveyed by Capital IQ expected $245.1 million.

The company expects Q4 non-GAAP earnings of $0.05 a share. That matched the consensus by analysts.

The company raised full-year non-GAAP earnings guidance to $0.25 a share from $0.20.

Analysts polled by Capital IQ expect $0.24.

Price: 26.95, Change: +3.88, Percent Change: +16.82

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