Okta stock jumps 9% as earnings forecast more than doubles expectations

Okta Inc. topped Wall Street estimates by a wide margin late Wednesday and forecast adjusted earnings that were more than double what analysts on average had forecast.

Okta stock OKTA rallied as much as 9% after hours, following a 0.2% rise to close the regular session at $71.44. Okta reported a fourth-quarter loss of $153 million, or 95 cents a share, compared with a loss of $241 million, or $1.56 a share, in the year-ago period. After adjusting for stock-based compensation expenses and other items, the company reported earnings of 30 cents a share, compared with 18 cents a share in the year-ago period. Revenue rose to $510 million from $383 million in the year-ago quarter.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Monster Beverage stock dives 6% as earnings and sales miss, stock split and price increases plannedMonster Beverage Corp. shares dove 6% in after-hours trading Tuesday, after the energy-drink company reported holiday earnings and sales lower than Wall...
Source: MarketWatch - 🏆 3. / 97 Read more »

Zoom Video stock rises after earnings beat, forecast calling for growth this yearZoom shares rose in extended trading Monday after the videoconferencing company beat expectations for its earnings as well as its forecast for the year ahead.
Source: MarketWatch - 🏆 3. / 97 Read more »