Amplitude Inc reports results for the quarter ended September 30 - Earnings Summary

Amplitude

08/11/2024 21:05

* Amplitude Inc  AMPL.OQ  reported quarterly adjusted
earnings of
3 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of nine analysts for the
quarter was for earnings of one cent per share. Wall Street
expected results to range from zero cents to 2 cents per share.
    * Revenue rose 6.5% to $75.22 million from a year ago;
analysts
expected $74.12 million. 
    * Amplitude Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $16.85 million.
    * Amplitude Inc shares had risen by 16.9% this quarter and
lost 17.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 November 8 at
09:05 p.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
 Sep. 30 2024      0.01           0.03           Beat
 Jun. 30 2024      -0.01          0.00           Beat
 Mar. 31 2024      0.00           0.01           Beat
 Dec. 31 2023      0.03           0.04           Beat