Braze Inc Cl A (BRZE) said after close Wednesday that it lost $0.04 per share in quarter four 2024. 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 $131 million, beating estimates by $6.1 million.
In the same quarter a year ago, the company lost $0.14 per share on revenue of $98.7 million.
The stock is down 7.43% to $46.82 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 Strong Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Braze Inc Cl A a Bearish Sentiment Rank from InvestorsObserver.
Braze Inc Cl A has performed a little above average during the past few months. Before the report, Braze Inc Cl A received a Long-Term Technical Rank by InvestorsObserver of 52, putting it in the top half of stocks. The firm was recently trading at a 52-week high of $61.53 on February 12, 2024 and set a 52-week low on May 3, 2023 at $25.76.
Braze Inc is a customer engagement platform that powers customer-centric interactions between consumers and brands. The company provides solutions for Retail & E-commerce, Media & Entertainment, Financial Services, and Travel & Hospitality related industries.
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Braze Inc Cl A Down 7.43% To $46.82 After Earnings Beat
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