ServiceTitan inventory rises as Q3 income beats, outlook raised


NEW YORK – ServiceTitan Inc, a software program platform for the trades trade, reported third-quarter income that surpassed final 12 months’s figures and raised its full-year outlook, sending its shares up 2.2% in after-hours buying and selling.

The corporate reported income of $199.3 million for the third quarter ended October 31, 2024, a 24.6% enhance from $160 million in the identical interval final 12 months. Nevertheless, ServiceTitan’s adjusted loss per share widened to -$1.74 from -$1.53 YoY.

For the fourth quarter of fiscal 2025, ServiceTitan expects income between $199.0 million and $201.0 million. The corporate additionally raised its full-year fiscal 2025 income steerage to a spread of $761.6 million to $763.6 million.

ServiceTitan anticipates non-GAAP earnings from operations for the fourth quarter to be between $3.0 million and $4.0 million, and between $21.4 million and $22.4 million for the total fiscal 12 months 2025.

This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.

admin

Share
Published by
admin

Recent Posts

Robust jobs report creates Fed easing quandary amid tariff misery

(Reuters) - The U.S. financial system added way more jobs than anticipated in March, however…

5 minutes ago

Wall Road’s greatest tech bull warns of $3,500 iPhones as ‘financial Armageddon’ looms from Trump tariffs

Through the AI growth, Wedbush analyst Dan Ives has change into Wall Road's most outstanding…

25 minutes ago

Wall Road’s largest tech bull warns of $3,500 iPhones as ‘financial Armageddon’ looms from Trump tariffs

In the course of the AI growth, Wedbush analyst Dan Ives has grow to be…

25 minutes ago

What to anticipate within the March jobs report

Economists anticipate that the US added 130,000 jobs in March and that the unemployment charge…

45 minutes ago

One of many Fed’s prime recession alarms sends 2008-style sign

By Amanda Cooper LONDON (Reuters) - One of many Federal Reserve's most popular recession indicators…

2 hours ago

Aussie large Macquarie swoops for Metcor in £100m deal

Macquarie, the Australian monetary large, has struck its newest British takeover cope with a swoop…

2 hours ago