Braze, Inc. (BRZE) reported Loss for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at -$35.6 million, or -$0.35 per share. This compares with -$38.5 million, or -$0.40 per share, in last year's first quarter.
Excluding items, Braze, Inc. reported adjusted earnings of -$0.05 per share for the period.
Analysts on average had expected the company to earn -$0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 33.1% to $135.5 million from $101.8 million last year.
Braze, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$35.6 Mln. vs. -$38.5 Mln. last year.
-EPS (Q1): -$0.35 vs. -$0.40 last year.
-Revenue (Q1): $135.5 Mln vs. $101.8 Mln last year.
-Guidance:
Next quarter EPS guidance: $(0.03) - (0.04)
Next quarter revenue guidance: $140.5 - $141.5 mln
Full year EPS guidance: $(0.06) - (0.10)
Full year revenue guidance: $577.0 - $581.0 mln
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