Squarespace gains on annual forecast raise, share buyback plan

Squarespace

12/05/2022 14:03

** Shares of website building co  SQSP.N  rise 7.3% to
$15.50 premarket 
    ** SQSP says co's board authorized a $200 mln share buyback
program  urn:newsml:reuters.com:*:nPn3C6DJga
    ** Co slightly raises its annual revenue forecast to a range
between $867 mln and $879 mln from previous guidance of $862 mln
to $878 mln
    ** It also raises its outlook for fiscal 2022 unlevered free
cash flow 
    ** Co posts Q1 revenue of $207.8 mln vs est of $204.6 mln -
Refinitiv data
    ** Up to last close, stock was down over 51% YTD

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))