AYX - Alteryx guidance disappoints offsetting Q4 beats
Downside guidance sends Alteryx (AYX) shares down 6.4% after the bell despite reporting upside Q4 results on the top and bottom lines.Revenue was up 3% Y/Y to $160.5M (about $7M ahead of consensus estimates) and EPS was $0.62, which beat by $0.31.For Q1, the company expects revenue of $104-107M (consensus: $118.58M) and loss per share of $0.22-0.25 (consensus: $0).For the year, Alteryx forecasts revenue of $555-565M vs. the $567.18 estimate and EPS ranging from a $0.07 loss to positive $0.07 vs. the $0.73 consensus."We expect 2021 will be a year of transformation for Alteryx," says CEO Mark Anderson. "As our customers continue their transformation initiatives, we intend to scale our product, operations, and customer focus and deliver significant business value through the power of analytics and automation."Press release.
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Alteryx guidance disappoints, offsetting Q4 beats