Elastic NV plunges after cutting annual revenue forecast

Elastic

29/08/2024 22:34

** U.S.-listed shares of Elastic NV  ESTC.N  down ~24%,
after the bell
    ** Company cuts annual revenue forecast to a range of $1.43
bln to $1.44 bln vs prior expectations of $1.47 bln to $1.48 bln
    ** ESTC expects Q2 revenue between $353 mln and $355 mln vs
ests. of $360.9 mln - LSEG data
    ** Company forecasts Q2 adj. EPS between 37 cents and 39
cents per share vs ests. of 33 cents
    ** It reported Q1 revenue of $347.4 mln, beating ests. of
$344.7 mln
    ** Up to last close, stock had fallen 8% YTD

 (Reporting by Zaheer Kachwala in Bengaluru)
 ((Zaheer.Kachwala@thomsonreuters.com))