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1 Top Growth Stock You Will Regret Not Buying Right Now Before It Soars
CFLTConfluent(CFLT) fool.com·2024-05-16 10:51

Let's see why investors cheered Confluent's latest results. Confluent swings to a profit and beats analysts' expectations Confluent's Q1 revenue increased 25% year over year to 217million,anditpostedanon−GAAP(adjusted)profitof217 million, and it posted a non-GAAP (adjusted) profit of 0.05 per share as compared to a loss of 0.09pershareintheprior−yearperiod.ThenumbersexceededWallStreet′sexpectations,asconsensusestimatesweremodelinganadjustedprofitof0.09 per share in the prior-year period. The numbers exceeded Wall Street's expectations, as consensus estimates were modeling an adjusted profit of 0.02 per share on $211.6 million in revenue. More importantly, Confluent topped its ...