Qualtrics Stock Surges on Earnings Beat and 2022 Guidance Increases
Qualtrics International (NASDAQ: XM), the leader and creator of the experience management (XM) category, reported better-than-expected third-quarter 2022 results after the market close on Monday.
Shares gained 10.7% in Monday's after-hours trading session. The market's positive initial reaction can be attributed to the quarter's revenue and earnings beating Wall Street's consensus estimates, to fourth-quarter guidance for both the top and bottom lines coming in higher than analysts had been expecting, and to management raising its full-year outlook for both revenue and earnings.
Qualtrics is probably a new name to many investors. In January 2021, it held its initial public offering, which was a partial spinoff from German software giant SAP. SAP maintained a controlling stake.
Source Fool.com
