Atlassian Corporation Plc TEAM shares are trading higher after the company reported better-than-expected Q4 EPS and sales results. The company also issued Q1 EPS and sales guidance above estimates.
Atlassian reported quarterly earnings of $0.24 per share which beat the analyst estimate of $0.18 and sales results of $560 million which beat the analyst consensus estimate of $524.09 million.
The company also issued first-quarter earnings per share guidance in the range of $0.38 and $0.39 which is above the $0.31 estimate and sales guidance in the range of $575 million and $590 million which is above the $540.87 million estimate.
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide.
Atlassian stock was trading about 13% higher after hours at $302.09 per share on Thursday. The stock set a new 52-week high of $302.09 and has a 52-week low of $160.01.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
