Okta Shares Surge 26 percent on Q3 Beat & Better Than Expected Outlook

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Okta, Inc. (NASDAQ:OKTA) shares gained more than 26% after the company reported Q3 results, with EPS of $0.00 coming in better than the Street estimate of ($0.24). Revenue was $481 million, beating the Street estimate of $465.42 million.
While macros continued to worsen, results benefited from better sales execution and success with larger deals.
The company expects Q4/23 EPS to be in the range of $0.09-$0.10, compared to the Street estimate of ($0.11). Revenue is seen in the range of $488-490 million, better than the Street estimate of $487 million.

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