VTEX (VTEX) stock is soaring 6.22% in pre-market trading on Wednesday following the release of its better-than-expected first-quarter earnings report. The e-commerce platform provider has successfully turned its financial performance around, reporting a profit instead of a loss.
According to the company's late Tuesday announcement, VTEX posted earnings of $0.005 per diluted share for Q1, a significant improvement from the $0.005 loss per share recorded in the same period last year. This result surpassed analysts' expectations, as a FactSet poll of two analysts had predicted a loss of $0.01 per share.
The company's revenue also showed positive growth, reaching $54.2 million for the quarter ended March 31, up from $52.6 million in the previous year. This figure slightly exceeded the $53 million forecast by four analysts surveyed by FactSet. Looking ahead, VTEX projects Q2 revenue between $57 million and $58.5 million, although this falls short of the $61.7 million expected by three FactSet-polled analysts. For the full year 2025, the company maintains its target of 14% to 17% FX neutral annual revenue growth, signaling confidence in its long-term prospects despite near-term guidance slightly below expectations.
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