Alteryx Inc Up 18.49% To $35.37 After Earnings Beat

Alteryx Inc (AYX) said after close Monday that it earned $0.29 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $232 million, beating estimates by $21.8 million.

In the same quarter a year ago, the company lost $0.05 per share on revenue of $215.7 million.

The stock is up 18.49% to $35.37 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Alteryx Inc a Bearish Sentiment Rank from InvestorsObserver.

Alteryx Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 15, putting Alteryx Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $27.92 on August 18, 2023 and set a 52-week high on February 14, 2023 at $70.63.

Alteryx Inc is a software company that provides self-service data analytics software. Its software platform enables organizations to dramatically improve business outcomes and the productivity of business analysts. The firm offers solutions such as advanced analytics, location intelligence, data preparation, technology integrations, and others. It serves Financial Services; Healthcare; Retail; Transportation and Logistics; Oil and Gas; Pharmaceuticals, Biotechnology and other industries. The company generates its revenue from the sale of a subscription-based software platform.