
Anthony Lee 2023/05/25 1:34pm
What Happened:Shares of subscription management platform Zuora (NYSE:ZUO) jumped 7.64% in the after-market session after the company reported first-quarter revenue and earnings per share that surpassed analysts' expectations. There was a significant turnaround in free cash flow, with the company achieving positive results, which is a notable improvement compared to the increasing cash burn experienced in the previous three quarters. The company provided favorable guidance for the next quarter, surpassing Consensus estimates for revenue. Additionally, the full-year revenue guidance was in line with expectations. The profitability guidance was also encouraging, as the projected earnings per share for both the next quarter and the full year were roughly in line with market expectations. ... Continue Reading