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9.30
1.75%
+0.16
After Hours:
9.30
Why is Amplitude Inc (AMPL) Stock down?
We've noticed a 5.60% decline in Amplitude Inc (AMPL) stock during the 2024-05-08 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
16 May, 2023:
AMPL falling after the cloud-based software stock focused on digital optimization posted disappointing results in its first-quarter earnings report and lowered its revenue guidance for the year. Its first-quarter earnings report showed the company continuing to struggle with those headwinds. Revenue growth slowed to 25%, reaching $66.5 million, which topped the consensus at $65.5 million. The dollar-based net retention rate came in at 106% in the quarter, showing that existing customers increased their spending by just 6%, a reflection of widespread layoffs in the tech sector and a more cautious spending environment.
https://www.fool.com/investing/2023/05/12/why-amplitude-stock-was-sliding-this-week/
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