Appian's (APPN) shares were up 5.4% in recent early Thursday trading after reporting Q3 non-GAAP earnings Thursday of $0.15 per diluted share, swinging from a loss of $0.20 a year earlier.
Analysts polled by Capital IQ expected a loss of $0.08.
Revenue for the quarter ended Sept. 30 was $154.1 million, up from $137.1 million a year earlier.
Analysts surveyed by Capital IQ expected $152 million.
The company said it expects between a Q4 non-GAAP net loss of $0.03 per share and breakeven. Analysts polled by Capital IQ expect $0.05.
Revenue for the quarter is expected between $163.5 million and $165.5 million. Analysts surveyed by Capital IQ expect $164 million.
The company said it now expects a 2024 non-GAAP net loss of $0.35 to $0.38 per share, compared with its previous guidance of a non-GAAP net loss of $0.52 to $0.61 per share. Analysts polled by Capital IQ expect a loss of $0.55.
The company now expects 2024 revenue of $613 million to $615 million, compared with its prior outlook of $610 million to $615 million. Analysts surveyed by Capital IQ expect $611.9 million.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.