VTEX (VTEX) Tops Q2 EPS by 1c, provides guidance

VTEX (NYSE: VTEX) reported Q2 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $56.54 million versus the consensus estimate of $56.45 million.

GUIDANCE:

VTEX sees Q3 2024 revenue of $56-57 million, versus the consensus of $60.205 million.

For the full year 2024, we will continue executing our profitable growth strategy. We are increasing our FX neutral YoY revenue growth target to 18% to 20%, implying a range of US$231 million to US$235 million based on July’s average FX rate, versus the consensus of $240.5 million. We are also raising our free cash flow and non-GAAP operating income margins target to a range of high single digits to low teens.

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

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