
Several companies reported their Q2 earnings, showcasing varied performance and market reactions. Flywire (NASDAQ: FLYW) exceeded sales estimates for the second quarter but saw its stock price remain unchanged in pre-market trading. Fastly Inc. (NASDAQ: FSLY) reported total revenue of $132.4 million, marking an 8% year-over-year growth, but posted a loss of $0.07 per share, slightly better than the expected loss of $0.08. However, the company cut its full-year revenue guidance to between $530 million and $540 million, down from previous estimates of $555 million to $565 million, leading to a pre-market stock decline of 26.5%. Klaviyo (NASDAQ: KVYO) reported a total revenue of $222.2 million, a 35% increase from $164.6 million in Q2 2023, and provided guidance for Q3 revenue between $225 million and $227 million, reflecting a year-over-year growth of 28% to 29%. The stock rose 25% after hours following the strong earnings report. JFrog (NASDAQ: FROG) reported revenue of $103 million, up 22% year-over-year, but missed sales targets and issued guidance below estimates, resulting in a pre-market drop of 23.6%. ZipRecruiter Inc. (NASDAQ: ZIP) reported a Q2 earnings beat of $0.07 per share against an expected loss of $0.08, with revenue of $123.7 million, exceeding estimates of $117 million. However, it guided for weaker Q3 revenue expectations of $109 million to $115 million, compared to the previous estimate of $122 million.
Disappointing guidance, mixed #earnings crater @JFrog’s stock https://t.co/K60mvVQmwt @SiliconANGLE @Mike_Wheatley “Shlomi Ben Haim, his team say they’re optimistic they’ll be able to deliver a positive earnings per share by the end of the year, but…” - @holgermu @constellationr
$FSLY ATL, down 96% from the COVID bubble. https://t.co/lzg52dLn6Y
JFrog Stock Is Tumbling. It’s ‘Taking It on the Chin’ After Guidance Slash. https://t.co/Z8Wbv9RyTO