Reported about 6 hours ago
Elastic's stock saw a significant increase following the announcement of its third-quarter earnings, which surpassed analyst expectations due to a growing demand for artificial intelligence products. The company reported an adjusted EPS of 63 cents and a revenue of $382.1 million, both exceeding predictions. Elastic also provided a positive outlook for the current quarter and the full year, contributing to a stock price surge of about 15% since the beginning of the year.
Source: YAHOO