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Slack plummets on inaugural earnings report after saying growth will slow

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The company also noted that revenue was negatively impacted by $8.2 million of credits 'related to serve level disruption.'

Slack reported its first quarterly earnings as a public company Wednesday. The report showed a large net loss and a trimmed full-year outlook. Shares fell as much as 15% in early trading, putting the stock on pace to open just above its indicated direct-listing price of $26. Wall Street analysts remain largely optimistic on shares of the company. Watch Slack trade live on Markets Insider.

Slack reported its first quarterly earnings as a public company Wednesday. The report showed a large net loss and a trimmed full-year outlook. Shares fell as much as 15% in early trading, putting the stock on pace to open just above its indicated direct-listing price of $26. Wall Street analysts remain largely optimistic on shares of the company. Watch Slack trade live on Markets Insider.

 

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