Braze Shares Plummet 19% Following Mixed Q2 Results
<p><a href='https://financialmodelingprep.com/financial-summary/BRZE'>Braze, Inc. (NASDAQ:BRZE)</a> shares plunged 19% on Tuesday following mixed Q2 results, with 55% organic revenue growth driven by high NRR, and the cadence of gross margin performance improved with a record Q2 gross margin of 69.3%. These positives were offset by soft customer metrics from elongating deal cycles that drove the annual guidance higher but less than the Q2 upside. </p>
<p>Q2 EPS came in at ($0.16), better than the Street estimate of ($0.20). Revenue was $86.1 million, compared to the Street estimate of $81.16 million.</p>
<p>The company expects Q3 EPS in the range of ($0.22)-($0.23), compared to the Street estimate of ($0.20), and revenue in the range of $90-91 million, compared to the Street estimate of $90.3 million.</p>
<p>For the full-year, the company expects EPS in the range of ($0.77)-($0.79), compared to the Street estimate of ($0.80), and revenue in the range of $347-350 million, compared to the Street of $346.83 million.</p>

NASDAQ:BRZE