Elastic: Q3 Earnings Insights - Elastic (NYSE:ESTC)

Elastic ESTC reported its Q3 earnings results on Thursday, February 29, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Elastic beat estimated earnings by 16.0%, reporting an EPS of $0.36 versus an estimate of $0.31.

Revenue was up $53.39 million from the same period last year.

Last quarter the company beat on EPS by $0.13 which was followed by a 37.0% increase in the share price the next day.

Here's a look at Elastic's past performance:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	0.24	0.11	0.10	0.05
EPS Actual	0.37	0.25	0.22	0.17
Revenue Estimate	304.11M	284.44M	277.36M	272.95M
Revenue Actual	310.61M	293.75M	279.94M	274.57M

To track all earnings releases for Elastic visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.