🟢 Rapid7 is trading 15.4% up in pre-market after beating Q3 earnings estimates and raising outlook

Rapid7 is trading up 15.36% in pre-market at $17.35 on November 5 after its third-quarter results, released after the November 4 close, beat expectations and the company raised its outlook.

• Adjusted earnings were $0.60 per share versus the $0.45 analyst estimate; revenue of $212.4 million topped forecasts.
• Rapid7 raised its full-year adjusted earnings outlook to $1.94–$1.96 per share.
• Revenue declined 2.5% year over year; fourth-quarter revenue guidance of $208–$210 million points to continued contraction, tempering the positive results.