: ServiceNow beats on earnings and forecast, but stock plunges

0
3

After a stock rebound in the opening weeks of the new year, ServiceNow Inc. reported earnings that topped expectations and projected stronger revenue growth than Wall Street expected Wednesday, but shares sank more than 7% in late trading.

ServiceNow NOW hauled in fourth-quarter revenue of $1.94 billion, compared with $1.61 billion a year ago. The cloud-software company’s earnings were $150 million, or 74 cents a share, up from $26 million, or 13 cents a share last year. Adjusted earnings were $2.28 a share, up from $1.46…

Market Watch

Read More