Amplitude (NASDAQ:AMPL – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.05-$0.08 for the period, compared to the consensus earnings per share estimate of $0.08. The company issued revenue guidance of $294.5-$296.5 million, compared to the consensus revenue estimate of $294.03 million. Amplitude also updated its FY 2024 guidance to 0.050-0.080 EPS.
Amplitude Trading Down 0.4 %
Shares of AMPL stock opened at $7.95 on Friday. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.42. The stock has a 50 day moving average of $8.37 and a 200 day moving average of $10.11. The stock has a market cap of $968.64 million, a P/E ratio of -10.89 and a beta of 1.31.
Amplitude (NASDAQ:AMPL – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.18). Amplitude had a negative net margin of 30.28% and a negative return on equity of 26.15%. The business had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.98 million. During the same period in the previous year, the business posted ($0.17) earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, research analysts predict that Amplitude will post -0.62 earnings per share for the current fiscal year.
Analyst Ratings Changes
View Our Latest Analysis on Amplitude
Insiders Place Their Bets
In other Amplitude news, Director Catherine Wong sold 3,515 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $9.16, for a total transaction of $32,197.40. Following the sale, the director now owns 82,820 shares in the company, valued at approximately $758,631.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 28.71% of the stock is owned by company insiders.
Amplitude Company Profile
Amplitude, Inc, together with its subsidiaries, provides a digital analytics platform that analyzes customer behavior in the United States and internationally. It offers Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, a solution that allows teams to test new capabilities and safely roll out new features; Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities; and Amplitude Session Replay used by product, marketing, and data teams to understand user behavior, diagnose product issues, and improve product outcomes.
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