Amplitude Inc. (AMPL) shares surged 8.20% in after-hours trading on Wednesday following the release of its third-quarter financial results that exceeded analyst expectations. The digital analytics platform provider demonstrated robust performance across key metrics, signaling strong business momentum.

For the third quarter, Amplitude reported adjusted earnings per share of $0.02, surpassing the IBES estimate of $0.01. The company's revenue came in at $88.6 million, comfortably beating the projected $86.3 million. This performance underscores Amplitude's ability to grow its customer base and expand its market presence in the competitive digital analytics space.

Adding to the positive sentiment, Amplitude reported a free cash flow of $3.4 million for the quarter, indicating improved operational efficiency and financial health. While the company still posted an EBIT loss of $25.7 million, the better-than-expected top and bottom-line results appear to have overshadowed this figure in investors' minds.