BUZZ-ServiceTitan's shares jump on upbeat Q2 revenue forecast

ServiceTitan, Inc. Class A

ServiceTitan, Inc. Class A

TTAN

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** Shares of software maker ServiceTitan TTAN.O jump 12.8% to $83.86 after the bell

** TTAN sees Q2 total revenue between $284 mln and $286 mln, above LSEG-compiled estimates of $281.2 mln

** Co expects fiscal 2027 total revenue between $1.13 bln and $1.14 bln, also above estimates of $1.12 bln

** TTAN reports Q1 total revenue of $268.8 mln, beating estimates of $256.7 mln

** "During Q1, we more than doubled the number of locations on Max; we're optimizing our internal processes, automating customer onboarding and expect to again double the number of locations on Max during Q2," Co-Founder and President Vahe Kuzoyan says

** TTAN shares have lost over 30% YTD