Amplitude Inc reports results for the quarter ended June 30 - Earnings Summary

• Amplitude Inc AMPL reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of ten analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 2 cents per share.

• Revenue rose 13.6% to $83.27 million from a year ago; analysts expected $81.33 million.

• Amplitude Inc's reported EPS for the quarter was a loss of 19 cents​.

• The company reported a quarterly loss of $24.67 million.

• Amplitude Inc shares had fallen by 1.4% this quarter and gained 15.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Amplitude Inc is $15.00, about 18.5% above its last closing price of $12.22

This summary was machine generated from LSEG data August 7 at 12:00 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)