Zuora climbs on upbeat Q3 forecast, Q2 results beat

Zuora

22/08/2024 10:27

** Shares of billing software firm Zuora  ZUO.N  rise 5.9%
to $9 premarket after Q2 results 
    ** Co sees Q3 revenue between $115 mln and $117 mln;
midpoint above Wall Street view of $115.5 mln - LSEG data 
    ** Q2 rev of $115.4 mln beat average analysts' estimate of
$112.6 mln 
    ** ZUO reports adj EPS of $0.19, above market view of $0.10 
    ** Quarterly GAAP net loss narrowed to $7.2 mln, from $22.6
mln in Q2 of fiscal 2024  
    ** Four out of seven brokerages rate the stock "buy", three
"hold"; their median PT is $13
    ** Up to Wednesday's close, stock down 9.6% YTD

 (Reporting by Khushi Singh In Bengaluru)
 ((Khushi.Singh@thomsonreuters.com))