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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.
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Las ganancias Q3 de Bandwidth superaron las expectativas, pero las acciones cayeron en $0.80 post-anuncio.