What caused VTEX's earnings to miss forecasts in Q3 2024?

VTEX's diluted EPS for Q3 2024 was $0.02, which didn't surprise the analysts and was even a slight improvement from the previous quarter's EPS of $0.01. However, the company's revenue for the quarter was $56 million, which was a million dollars less than expected.

|code|Ticker|Name|Date|Total Revenue|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|VTEX|VTEX.N|VTEX|2023 Q4|6.0721E7||169|
|VTEX|VTEX.N|VTEX|2024 Q1|5.2648E7|-0.013|169|
|VTEX|VTEX.N|VTEX|2024 Q2|5.6541E7|0.026|169|
|VTEX|VTEX.N|VTEX|2024 Q3|5.5996E7|0.017|169|

|code|Ticker|Name|Date|Revenue Surprise|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|VTEX|VTEX.N|VTEX|2023 Q4|3631000|0.02|169|
|VTEX|VTEX.N|VTEX|2024 Q1|-740000|0|169|
|VTEX|VTEX.N|VTEX|2024 Q2|881000|0.02|169|
|VTEX|VTEX.N|VTEX|2024 Q3|-1300000|0|169|

VTEX's earnings miss in Q3 2024 can be attributed to **Revenue Shortfall**.

The company's revenue fell short of expectations by 1.3 million dollars. This shortfall could be due to various factors such as market conditions, competitive landscape, or company-specific factors like operational inefficiencies. Without additional information, it's challenging to pinpoint the exact cause. However, it's clear that VTEX's revenue performance in Q3 2024 did not meet the market's expectations.