Thoughtworks Shares Surge 14% Following Q3 Revenue Beat
<p><a href='https://financialmodelingprep.com/financial-summary/TWKS'>Thoughtworks Holding, Inc. (NASDAQ:TWKS)</a> shares soared more than 14% on Tuesday following the company’s reported Q3 results, with revenue of $332.4 million coming in better than the Street estimate of $327.49 million. EPS was $0.08, compared to the Street estimate of $0.11. </p>
<p>Revenue increased 16.6% year-over-year, marking a modest deceleration from last quarter’s 27.5% year-over-year growth, which is attributed to increased FX headwinds, the macro environment and difficult comparisons.</p>
<p>The company’s Q4/22 guidance calls for revenue of $303– $309 million, adjusted EBITDA margins of 17%–18% and adjusted EPS of $0.08–$0.09. At the midpoints, guidance implies revenue of $306 million and EBITDA of $54 million, compared to the Street estimates of $350 million and $67 million, respectively.</p>

NASDAQ:TWKS