boosts year-end forecast

Data streaming leader Confluent posts strong earnings, boosts year-end forecast – SiliconANGLE

Data streaming leader Confluent posts strong earnings, boosts year-end forecast – SiliconANGLE

Shares in Confluent Inc. jumped nearly 15% in late trading today after the data streaming software provider impressed investors with revenue and earnings beats in its fiscal third quarter and raised its outlook for the rest of the year. For the quarter ended Sept. 30, Confluent reported adjusted earnings of 10 cents per share, up from two cents per share in the same quarter of last year, on revenue of $250.2 million, up 25% year-over-year. Both figures were solid beats, as analysts had expected a profit of five cents per share on revenue of $245.05 million. Confluent’s strong figures were driven…
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