Vertex Analysts Increase Their Forecasts Following Strong Q3 Results

Vertex, Inc. (NASDAQ:VERX) reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance on Wednesday.

Vertex posted adjusted earnings of 16 cents per share, beating market estimates of 14 cents per share. The company's quarterly sales came in at $170.435 million versus expectations of $165.705 million.

“The third quarter of 2024 was another great quarter for Vertex”, stated David DeStefano, Vertex’s President, Chief Executive Officer and Chairperson of the Board. “Revenue was above the high end of our quarterly guidance, with mid-teens organic revenue growth. We were once again GAAP earnings positive with strong Adjusted EBITDA. And we ...

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