REUTERS: Slack Technologies Inc beat Wall Street estimates for quarterly revenue and profit as it signed on larger companies to its workplace communication platform, sending its shares up nearly 3per cent in trading after the bell.
"It may take some time for Slack to shake off the 'Microsoft overhang', but this is a step in the right direction to dispute that narrative with investors," said Rishi Jaluria from research firm DA Davidson & Co. The company forecast fourth-quarter loss between 6 cents and 7 cents per share. Analysts on average were expecting a loss of 6 cents per share, according to IBES data from Refinitiv.
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