Q2 Holdings reported first-quarter revenue of $216.5 million, up 14.1% year on year and exceeding analyst expectations by 0.9%. The company also posted an impressive beat on billings estimates and provided next-quarter EBITDA guidance above expectations. Despite the strong results, the stock fell 15.8% since the report, trading at $44.21, as investor expectations were likely higher than published consensus. Among the 14 vertical software stocks tracked, aggregate revenue beat estimates by 2.2% but next-quarter guidance was 0.6% below, and shares are down 7.4% on average since earnings.
Q2 HoldingsStock fell 15.8% despite beating revenue and billings estimates, as investor expectations were higher than published consensus.
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