Elastic raises FY2027 adj EPS and sales guidance versus estimates
Elastic raised FY2027 adjusted EPS guidance to $3.29-$3.37 from $3.21-$3.29, versus $3.24. It also lifted FY2027 sales to $1.998B-$2.010B from $1.985B-$2.000B, versus $1.993B.
Story updates
08:13:01 PM UTC
SquawkNews
Elastic shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 sales guidance above estimates. Also, the company raised its FY27 guidance.
Elastic (NYSE: ESTC ) raises FY2027 Adj EPS guidance from $3.21-$3.29 to $3.29-$3.37 vs $3.24 analyst estimate.
Raises FY2027 sales outlook from $1.985 billion-$2.000 billion to $1.998 billion-$2.010 billion vs $1.993 billion estimate.