Categories Earnings, Technology

Alteryx stock advances after beating Q2 estimates

After rallying to an all-time high ($123.06) yesterday, Alteryx (NYSE: AYX) reported its second quarter 2019 results after the bell today. The company reported a profit of 1 cent per share compared to the breakeven non-GAAP net income per share in the prior year quarter. Revenue surged 59% to $82 million. Alteryx stock rose about 4% in the extended trading hours.

Analysts had expected the data analytics firm to post a loss of 6 cents per share on revenue of $76.57 million.

Alteryx (AYX) stock advances after beating Q2 2019 estimates

GAAP net loss attributable to common stockholders was $3.2 million or $0.05 per share compared to a loss of $4.2 million or $0.07 per share in the second quarter of 2018.

“Our forward momentum continued in the second quarter highlighted by revenue growth of 59% year-over-year and net expansion rates of over 130% driven by both strong market tailwinds and solid execution,” said CEO Dean Stoecker.

For the third quarter of 2019, Alteryx expects revenue to be in the range of $88 million to $91 million, up 41% to 45% year-over-year. Non-GAAP net income per share is expected to be in the range of $0.06 to $0.09.

For full-year 2019, revenue is now expected to be in the range of $370 million to $375 million, an increase of 46% to 48% year-over-year. Non-GAAP net income per share is now expected to be in the range of $0.44 to $0.50.

Read: Cognizant’s Q2 earnings tops estimates; stock advances

Alteryx ended the second quarter of 2019 with 5,278 customers, a 34% increase from the second quarter of 2018. The company added 305 net new customers in the recently ended quarter. 

After opening at $120.05 today, AYX stock turned to red in the afternoon session after Federal Reserve announced quarter-point rate cut.

Alteryx stock had surged 97% since the beginning of this year and 200% in the trailing 12 months.

We’re on Apple News! Follow us to receive the latest stock market, earnings and financial news at your fingertips

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top