CFLT - Why Confluent Inc Stock Is Crashing | Benzinga
Confluent, Inc. (NASDAQ: CFLT) shares are trading lower Thursday after the company reported third-quarter financial results after the market close on Wednesday.
The Details:
Confluent reported a loss of 30 cents per share, up from a loss of 41 cents per share year-over-year, and revenue of $200 million which beat the consensus estimate of $195.419 million.
The company also lowered its fourth-quarter revenue estimate to between $204 and $205 million versus the previous $212.6 million estimate.
After the release of the financial results and fourth-quarter forecast, several analysts updated ...