Klaviyo
provided a slightly better-than-expected revenue forecast for the December quarter, but its shares still fell in after-hours trading Tuesday.
Klaviyo went public in September after pricing its initial public offering at $30 a share. The marketing software company was founded in 2012 and helps companies with digital marketing campaigns through the use of email and text messages.
For the September quarter,
Klaviyo
(ticker: KVYO) reported revenue of $175.8 million, which was above analysts’ expectations of $167.2 million, according to FactSet.
Guidance was also solid. Klaviyo gave a revenue forecast for the current quarter, ending in December, of $195 million to $197 million—which was above the consensus of $194.7 million.
Klaviyo shares fell 1.9% to $31.90 in premarket trading Wednesday, the morning after the release. The stock rose 3.5% earlier in Tuesday’s regular trading session.
Write to Tae Kim at tae.kim@barrons.com
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