Amplitude Earnings: 3 Things the Market Is Missing
Amplitude (NASDAQ: AMPL) stock crashed on Thursday after the digital optimization software company offered weaker-than-expected guidance for 2022 in its fourth-quarter earnings report.
After previously forecasting revenue growth of at least 40% in 2022, the company now expects the top line to increase by 35% to 40% reaching $226 million to $234 million. That was also below the analyst consensus at $235.9 million, which implied 41% growth.
Given the scaled-back expectations, it's understandable why the stock price fell on Thursday, but the 60% decline looks excessive. Even after the stock regained some of its losses on Friday, it was still down 50% since the earnings report.
Source Fool.com
