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New Relic NEWR reported its Q4 earnings results on Tuesday, May 23, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
New Relic beat estimated earnings by 90.91%, reporting an EPS of $0.42 versus an estimate of $0.22.
Revenue was up $36.74 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.17 which was followed by a 18.46% increase in the share price the next day.
Here’s a look at New Relic’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.15 | -0.06 | -0.36 | -0.21 |
| EPS Actual | 0.32 | 0.13 | -0.26 | -0.24 |
| Revenue Estimate | 232.71M | 221.52M | 213.17M | 204.52M |
| Revenue Actual | 239.76M | 226.91M | 216.46M | 205.75M |
To track all earnings releases for New Relic visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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