Braze Shares Drop After Missing Q3 Earnings Guidance Despite Strong Q2 Performance
Braze Inc (NASDAQ:BRZE) shares fell approximately 11% in premarket trading after the company issued third-quarter adjusted earnings guidance below analyst expectations. This decline occurred despite Braze reporting second-quarter results that exceeded estimates, including $0.19 per share in adjusted earnings and a 26% year-over-year revenue increase to $227.2 million. For Q3, Braze expects adjusted EPS of $0.13–$0.14, below the consensus estimate of $0.16. However, its third-quarter revenue guidance is above expectations at a midpoint of $229.5 million versus an analyst forecast of $227.8 million. The company also raised full-year 2027 adjusted EPS and revenue forecasts beyond estimates. Raymond James analysts maintained a positive outlook on Braze, suggesting investors
Tickers: $BRZE
Topics: earnings guidance stock price movement