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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Okta forecast adjusted earnings that were more than double what analysts on average had forecast.

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

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

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...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »