E2open (ETWO) Stock Up 7% Following Q2 Results

October 13, 2021 5:00 PM EDT
Get Alerts ETWO Hot Sheet
Price: $12.49 -1.34%

Today's EPS Names:
EXR, ETD, ENSG, More
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

E2open Parent Holdings, Inc. (NYSE: ETWO) shares were trading more than 7% higher after-hours, following the company’s reported Q2 results, which exceeded its plan on revenue, gross margin, and EBITDA.

The company’s total revenue grew 12.8% year-over-year to $92.3million (total GAAP revenue was $78.1 million, down 4.6% year-over-year).

According to Michael Farlekas, the CEO of E2open, the company was able to achieve double-digit organic growth in Q2, a milestone that was expected to be achieved in Q3, according to the company’s announcement earlier this year.

As a result of strong performance and accelerating momentum in H1, the company reaffirmed its revenue guidance of $470-$474 million, which we raised on September 1st.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings