Slack falls as much as 20% after earnings - Business Insider

Slack's stock fell as much 20 percent in after-hours trading, after it reported fourth quarter results.

It reported quarterly revenue of $181.9 million — an increase of 49 percent from a year prior, and above analyst estimates. However, the quarter before that, its revenue grew 60 percent, signalling a possible revenue slowdown.Slack's stock fell as much as 20% percent after reporting fourth quarter results that beat expectations — but giving lower than expected guidance for the next quarter, even as it shows signs of slowing growth.

However, the company's guidance for the next quarter was lighter than expected, with the company forecasting revenues of between $185 to $188 million, whereas Wall Street was predicting $188.4 million. It also said that it expects its net loss per share for the next quarter to be between $0.07 to $0.06, more in line with the $0.07 analysts expected.

Dan Ives, an analyst at Wedbush, said that "billings guidance was soft and this will be a gut punch to the bull thesis."

Esto es una limpieza de bajos de manual. Ya que llueve barro, pues caguemonos encima!!! Perdón por la expresión.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

The Dow plunged into a bear market in just 20 days — the fastest 20% plunge in history - Business InsiderPast bearish declines took 255 sessions on average, Michael Batnick, director of research at Ritholtz Wealth Management, wrote in a Monday blog post. Thanks China
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »