N-able (NABL) shares fell 4% in recent Thursday trading after it lowered its full-year 2024 revenue guidance.
The company reported Q3 non-GAAP earnings of $0.13 per diluted share, up from $0.09 a year earlier.
Analysts polled by Capital IQ expected $0.10.
Revenue for the quarter ended Sept. 30 was $116.4 million, up from $107.6 million a year earlier.
Analysts surveyed by Capital IQ expected $114.8 million.
For Q4, the IT services management company said it expects total revenue in the range of $111.5 million to $113 million. Analysts polled by Capital IQ expect $116.4 million.
For the full-year 2024, N-able said it now expects total revenue to be between $461.2 million and $462.7 million, down from its prior outlook of $463 million to $465 million. Analysts surveyed by Capital IQ expect $464.2 million.
Price: 12.20, Change: -0.52, Percent Change: -4.09
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