Elastic (ESTC) down despite Q3 beat amid 'decelerating RPO growth' and AI investments

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Elastic N.V. (ESTC) Tops Q3 EPS by 4c, offers guidance

February 29, 2024 4:08 PM EST

Elastic N.V. (NYSE: ESTC) reported Q3 EPS of $0.36, $0.04 better than the analyst estimate of $0.32. Revenue for the quarter came in at $328 million versus the consensus estimate of $320.68 million.

GUIDANCE:

Elastic N.V. sees Q4 2024 EPS of $0.18-$0.20,... More