Squarespace Inc. Class A Down 2.70% To $19.12 After Earnings Miss

Squarespace Inc. Class A (SQSP) stated earlier than open Tuesday that it earned $0.07 per share in quarter three 2022.

On the income line, the corporate reported $217.7 million, beating estimates by $2 million.

In the identical quarter a yr in the past, the corporate earned $0.02 per share on income of $201 million.

The inventory is down 2.70% to $19.12 after the report.

Squarespace Inc. Class A's earnings expanded quicker than revenues, signaling widening revenue margins.

Wall Avenue Analysts had a mean score of Purchase on the inventory previous to the report.

Buying and selling within the 5 days main as much as the report earned Squarespace Inc. Class A a Bearish Sentiment Rank from InvestorsObserver.

Squarespace Inc. Class A has carried out slightly under common through the previous few months. Earlier than the report, Squarespace Inc. Class A obtained a Lengthy-Time period Technical Rank by InvestorsObserver of 36, placing it within the backside half of shares. The agency set a 52-week low on Could 11, 2022 at $14.43 and set a 52-week excessive on November 15, 2021 at $48.89.

Squarespace is a supplier of subscription-based website-building software program and internet hosting providers primarily servicing entrepreneurs and micro companies. The corporate affords a spread of add-on and standalone instruments, together with scheduling performance, electronic mail advertising and marketing, member areas for paid content material, and design instruments for social media and video content material. Following the 2021 acquisition of Tock, Squarespace has expanded into servicing hospitality clients with reservation, take-out, and occasion administration software program.

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