These Analysts Slash Their Forecasts On Elastic After Q1 Results

Elastic N.V. ESTC reported upbeat first-quarter financial results and issued second-quarter revenue guidance below estimates. Elastic reported quarterly earnings of 35 cents per share, which beat the analyst consensus estimate of 25 cents by 40%. Quarterly sales clocked in at $347.42 million, which beat the consensus estimate by 0.79% and is a 18.27% increase from the same period last year. "We delivered solid first-quarter results, outperforming the high end of our guidance for both revenue and profitabili ...