Spotify Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Spotify Technology S.A. (NYSE:SPOT) will release earnings results for its third quarter, after the closing bell on Tuesday, Nov. 12.

Analysts expect the Luxembourg City, Luxembourg-based bank to report quarterly earnings at $1.84 per share, up from 36 cents per share in the year-ago period. Spotify projects to report revenue of $4.31 billion for the recent quarter, compared to $3.68 billion a year earlier, according to data from Benzinga Pro.

On Monday, Benchmark analyst Matthew Harrigan maintained Spotify with a Buy and raised the price target from $430 to $440.

Spotify shares gained 2.4% to close at $410.19 on Monday.

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