Thoughtworks (TWKS) Misses Q2 EPS by 1c, Guidance Misses, Announces Restructuring

Thoughtworks (NASDAQ: TWKS) reported Q2 EPS of $0.03, $0.01 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $287.2 million versus the consensus estimate of $301.65 million.

• Announces restructuring actions targeting $75-85 million in annualized cost savings upon completion

GUIDANCE:

Thoughtworks sees Q3 2023 EPS of $0.02-$0.03, versus the consensus of $0.12. Tribeworks sees Q3 2023 revenue of $275-285 million, versus the consensus of $326.9 million.

Thoughtworks sees FY2023 EPS of $0.11-$0.13, versus the consensus of $0.31. Tribeworks sees FY2023 revenue of $1.137-1.157 billion, versus the consensus of $1.26 billion.

For earnings history and earnings-related data on Thoughtworks (TWKS) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• MapLight Therapeutics, Inc. (MPLT) Misses Q2 EPS by 33c
• Boston Omaha Corporation (BOC) Misses Q2 EPS by 2c