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Source: ShutterstockQualtrics International (NASDAQ:XM) stock is soaring after releasing its earnings report for the fourth quarter of 2022.
Starting off that report is the company’s adjusted earnings per share of 3 cents. That’s better than the 2 cents per share Wall Street was expecting. Adding to that, it’s a positive switch from the -7 cents per share reported in the same period of the year prior.
Going along with this is Qualtrics International’s revenue of $389.1 million. That beats out analysts’ revenue estimate of $381.11 million for the period. It’s also a 23% year-over-year increase compared to the $316.04 million previously reported.
XM Stock Outlook
Qualtrics International is expecting adjusted EPS between 1 cent and 2 cents, alongside revenue of $392 to $394 million, for the first quarter of 2023. For comparison, Wall Street’s looking for an adjusted EPS of 1 cent and revenue of $391.64 million.
When it comes to the full year of 2023, Qualtrics International’s guidance includes adjusted EPS of 20 cents to 24 cents, as well as revenue between $1.661 billion and $1.669 billion. Analysts are expecting adjusted EPS of 10 cents and revenue of $1.69 billion in 2023.
XM stock is off to a strong start this morning as some 1 million shares change hands. That has it set to surpass its daily average trading volume of about 1.6 million shares. The company’s shares are also up 28.9% in pre-market trading on Thursday.
Investors looking for all of the latest stock market news will want to keep reading!
InvestorPlace has all of that stock coverage ready to go for Thursday! That includes the biggest pre-market stock movers this morning, as well as what’s happening with the Federal Open Market Committee and House Rep. Nancy Pelosi. You can catch up on all of that news at the links below!
More Thursday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday
- FOMC Alert: Is the Last Fed Rate Hike Coming on Feb. 1?
- Nancy Pelosi Sold Off 30,000 Shares of Google (GOOGL) Stock
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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