Bandwidth's Q3 earnings surpassed expectations, but shares fell by $0.80 post-announcement.

Bandwidth reported strong Q3 earnings, with earnings per share at $0.43, exceeding expectations of $0.32, and revenue at $193.9 million, surpassing the forecast of $182.05 million. Despite this, shares fell by $0.80 after the announcement. The company, which provides communication APIs to firms like Cisco and Google, updated its FY 2024 guidance. Analysts hold mixed ratings, with several recommending a hold.

November 03, 2024
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