Elastic Shares Slide Despite Earnings Beat and Raised Full-Year Guidance

Elastic N.V. (NYSE:ESTC) shares dropped more than 12% intra-day on Friday even after the company reported fiscal second-quarter 2026 results that surpassed analyst expectations, as investors focused on concerns surrounding the firm's longer-term growth trajectory. The Search AI company reported adjusted earnings of $0.64 per share for the quarter ended October 31, beating the consensus estimate of $0.58. Revenue rose 16% year over year to $423 million, or 15% in constant currency, exceeding expectations of ...