New Relic (NYSE:NEWR) reported its Q1 earnings results on Thursday, August 4, 2022 at 04:05 PM.

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

Earnings

New Relic beat estimated earnings by 27.78%, reporting an EPS of $-0.26 versus an estimate of $-0.36.

Revenue was up $35.98 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.03 which was followed by a 2.55% drop in the share price the next day.

Here's a look at New Relic's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

New Relic management provided guidance for FY 2023, expecting earnings between $0.1 and $0.17 per share.

To track all earnings releases for New Relic visit their earnings calendar here.

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