Stock Track | Nextdoor Holdings Stock Soars 5% After Q3 Earnings Beat Expectations

Stock Track

2024/11/07

Shares of Nextdoor Holdings Inc (KIND) rallied over 5% on Wednesday morning, following the release of the company's Q3 2024 earnings results which exceeded analysts' expectations.

The social networking platform reported an adjusted loss of $0.04 per share for the quarter ended September 30th, narrower than the consensus estimate of a $0.05 loss. Revenue grew 17% year-over-year to $65.61 million, surpassing Wall Street's projection of $62.44 million.

Despite the narrower loss and revenue beat, Nextdoor Holdings still posted a net quarterly loss of $14.9 million. However, investors appeared to focus on the better-than-anticipated financial performance, driving the stock higher in early trading.

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However, investors appeared to focus on the better-than-anticipated financial performance, driving the stock higher in early trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1194481330","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1194481330","pubTimestamp":1730990910,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Nextdoor Holdings Inc  rallied over 5% on Wednesday morning, following the release of the company's Q3 2024 earnings results which exceeded analysts' expectations.The social networking platform reported an adjusted loss of $0.04 per share for the quarter ended September 30th, narrower than the consensus estimate of a $0.05 loss. 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