Elastic Reports Third Quarter Fiscal 2024 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/17/2026
- Generac strikes $8B supply deal with Amazon for data center power
- Wall St ends lower after Fed hikes interest rates, sees more tightening ahead
- Paradium AI (PAAI) Halted, News Pending
- Shipping stocks on fire — but cracks are forming in the rate rally
- JPMorgan Fed scenario analysis: 5 paths for the S&P 500 today
Elastic (ESTC) down despite Q3 beat amid 'decelerating RPO growth' and AI investments
February 29, 2024 4:42 PM ESTElastic N.V. (NYSE: ESTC) reported better-than-expected Q3 earnings and revenue, while Q4 2024 guidance matched analysts expectations.
Still, the companys shares plummeted 11% in premarket trading.
The companys Q3 earnings per share (EPS) were reported at $0.36, beating analyst expectations of $0.32. Revenue came in at $328 million, also exceeding the consensus estimate of $320.68 million.
The revenue from Elastic Cloud for the quarter stood at $143 million, marking a 29% increase from the previous year.
Regarding customer metrics, Elastic N.V. reported having more than 1,270... More
