Braze Shares Surge 9% on Strong Q1 Results
<p><a href='https://financialmodelingprep.com/financial-summary/BRZE'>Braze, Inc. (NASDAQ:BRZE)</a> shares closed 9% higher on Tuesday following the company’s reported strong Q1 earnings results and raised guidance.</p>
<p>Quarterly EPS came in at ($0.19), better than the Street estimate of ($0.21). Revenue was up 61.9% year-over-year to $77.5 million, compared to the Street estimate of $72.57 million.</p>
<p>The quarter strength was broad-based and marked by 63% subscription growth and a 20% free cash flow margin. </p>
<p>For Q2/23, the company expects EPS in the range of ($0.19)-($0.20), compared to the Street estimate of ($0.21), and revenue of $80.5-81.5 million, compared to the Street estimate of $80.13 million.</p>
<p>For the full 2023-year, the company expects EPS in the range of ($0.78)-($0.82), compared to the Street estimate of ($0.83), and revenue of $345-349 million, compared to the Street estimate of $340.29 million.</p>

NASDAQ:BRZE