Confluent Reports Strong Q4 Earnings, Beating Estimates
MOUNTAIN VIEW, Calif. - Confluent Inc. (CFLT) posted a loss of $88.1 million in its fourth quarter, with earnings per share of 9 cents, adjusted for expenses. Despite the loss, results surpassed Wall Street expectations, with analysts projecting earnings of 5 cents per share.
Revenue reached $261.2 million, also exceeding forecasts and analysts' estimates of $256.8 million. For the year, Confluent narrowed its loss to $345.1 million and generated $963.6 million in revenue.
Looking ahead, Confluent anticipates earnings per share between 6 and 7 cents in the current quarter and revenue between $253 million and $254 million. For the full year, the company expects earnings of 35 cents per share and revenue of $1.12 billion.
Confluent shares have climbed 7% year-to-date but declined nearly 5% over the past 12 months.