🟢 Rapid7 is trading 6.45% up after Q3 adjusted EPS beat estimates

Rapid7 is trading at $16.69, up 6.45%, after reporting third-quarter results above analyst expectations.

• Adjusted earnings were $0.60 per share, versus the $0.45 estimate; revenue was $212.4 million, also above expectations.
• Rapid7 raised full-year adjusted EPS guidance to $1.94–$1.96. ARR finished above company guidance, while revenue and ARR declined year over year.
• The earnings release followed the November 4 close, providing a company-specific catalyst for the November 5 move.