Lightspeed Commerce stock falls to session lows despite quarterly earnings beat

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Lightspeed News

Profitable Growth,Earnings Guidance

'We are excited to be shifting focus to the software growth side. That's the next big area of execution.'

Shares of Lightspeed Commerce jumped on Thursday after the company raised its earnings guidance and reported first quarter earnings that surpassed analyst expectations. ) jumped as much as seven per cent in early trading on Thursday, after the company raised its earnings guidance and reported first-quarter results that surpassed analyst expectations.

"The markets wanted to see a few things. They wanted to see a focus on profitable growth and operational efficiency. We've been very serious and committed to that and we've been showing progress," Lightspeed CEO Dax Dasilva said in an interview with"We are excited to be shifting focus to the software growth side. That's the next big area of execution."

"We're being very thoughtful with how we roll out the increases. Lightspeed hasn't really executed on any increases for a very long time... we think the increases won't cause too much disruption," Dasilva said. Ameriprise Financial Welcomes $150 Million UBS Advisor Looking for Greater Support and an Empowering Culture

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