Stock Track | Freshworks Stock Soars on Q3 Beat, Upbeat Outlook Fueled by AI Demand

Stock Track

Nov 08, 2024

Shares of Freshworks Inc. (FRSH) soared over 28% on November 7, 2024, after the software company reported strong third-quarter results that exceeded analysts' expectations. The stock rally was fueled by robust demand for Freshworks' AI-driven products and an upbeat outlook for the full year.

For the quarter ended September 30, Freshworks posted revenue of $186.6 million, up 22% year-over-year, surpassing analysts' estimates of $181.6 million. The company's adjusted earnings per share of $0.11 also beat expectations of $0.08, reflecting strong operational efficiency and cost control measures.

Encouraged by the strong momentum, Freshworks raised its full-year 2024 revenue guidance to a range of $713.6 million to $716.6 million, up from its previous forecast of $707 million to $713 million. The company also lifted its annual adjusted profit per share outlook to 38 cents to 39 cents, higher than the prior guidance of 32 cents to 34 cents.

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(FRSH) soared over 28% on November 7, 2024, after the software company reported strong third-quarter results that exceeded analysts' expectations. The stock rally was fueled by robust demand for Freshworks' AI-driven products and an upbeat outlook for the full year.</p>\n\n<p>For the quarter ended September 30, Freshworks posted revenue of $186.6 million, up 22% year-over-year, surpassing analysts' estimates of $181.6 million. The company's adjusted earnings per share of $0.11 also beat expectations of $0.08, reflecting strong operational efficiency and cost control measures.</p>\n\n<p>Encouraged by the strong momentum, Freshworks raised its full-year 2024 revenue guidance to a range of $713.6 million to $716.6 million, up from its previous forecast of $707 million to $713 million. 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(FRSH) soared over 28% on November 7, 2024, after the software company reported strong third-quarter results that exceeded analysts' expectations. The stock rally was fueled by robust demand for Freshworks' AI-driven products and an upbeat outlook for the full year.</p>\n\n<p>For the quarter ended September 30, Freshworks posted revenue of $186.6 million, up 22% year-over-year, surpassing analysts' estimates of $181.6 million. The company's adjusted earnings per share of $0.11 also beat expectations of $0.08, reflecting strong operational efficiency and cost control measures.</p>\n\n<p>Encouraged by the strong momentum, Freshworks raised its full-year 2024 revenue guidance to a range of $713.6 million to $716.6 million, up from its previous forecast of $707 million to $713 million. The company also lifted its annual adjusted profit per share outlook to 38 cents to 39 cents, higher than the prior guidance of 32 cents to 34 cents.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FRSH","symbol_name":"Freshworks","start_time":0,"source_url":"","article_id":"1137957852","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137957852","pubTimestamp":1731035347,"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 Freshworks Inc.  soared over 28% on November 7, 2024, after the software company reported strong third-quarter results that exceeded analysts' expectations. 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The company also lifted its annual adjusted profit per share outlook to 38 cents to 39 cents, higher than the prior guidance of 32 cents to 34 cents.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}