SentinelOne, Inc. Q2 Loss Decreases, beats estimates

August 31, 2023 — 04:15 pm EDT

Written by RTTNews.com for RTTNews

(RTTNews) - SentinelOne, Inc. (S) announced Loss for second quarter that decreased from last year but missed the Street estimates.

The company's bottom line came in at -$89.54 million, or -$0.31 per share. This compares with -$96.31 million, or -$0.35 per share, in last year's second quarter.

Excluding items, SentinelOne, Inc. reported adjusted earnings of -$24.61 million or -$0.08 per share for the period.

Analysts on average had expected the company to earn -$0.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 45.8% to $149.42 million from $102.51 million last year.

SentinelOne, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): -$89.54 Mln. vs. -$96.31 Mln. last year. -EPS (Q2): -$0.31 vs. -$0.35 last year. -Analyst Estimates: -$0.14 -Revenue (Q2): $149.42 Mln vs. $102.51 Mln last year.

-Guidance: Next quarter revenue guidance: $156 Mln Full year revenue guidance: $605 Mln

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SentinelOne, Inc. Q2 Loss Decreases, beats estimates

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