New Relic: Q4 Earnings Insights

New Relic NEWR reported its Q4 earnings results on Tuesday, May 23, 2023 at 04:05 PM.

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

Earnings

New Relic beat estimated earnings by 90.91%, reporting an EPS of $0.42 versus an estimate of $0.22.

Revenue was up $36.74 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.17 which was followed by a 18.46% increase in the share price the next day.

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

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.15 -0.06 -0.36 -0.21
EPS Actual 0.32 0.13 -0.26 -0.24
Revenue Estimate 232.71M 221.52M 213.17M 204.52M
Revenue Actual 239.76M 226.91M 216.46M 205.75M

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.

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