Amplitude Inc reports results for the quarter ended in June - Earnings Summary

Amplitude

09/08/2024 01:14

* Amplitude Inc  AMPL.OQ  reported quarterly breakeven
results​​
per share for the quarter ended in June, lower than the same
quarter last year, when the company reported EPS of 2 cents. 
The mean expectation of nine analysts for the quarter was for a
loss of one cent per share. Wall Street expected results to
range from -1 cents to 1 cents per share.
    * Revenue rose 8.2% to $73.30 million from a year ago;
analysts
expected $71.96 million. 
    * Amplitude Inc's reported EPS for the quarter was a loss
of 19
cents​.
    * The company reported a quarterly loss of $23.42 million.
    * Amplitude Inc shares had fallen by 12.6% this quarter and
lost 38.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 51.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Amplitude Inc is
$11.00 
This summary was machine generated from LSEG data August 9 at
12:14 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.01          0.00           Beat
 Mar. 31 2024      0.00           0.01           Beat
 Dec. 31 2023      0.03           0.04           Beat
 Sep. 30 2023      0.03           0.05           Beat