ServiceNow Quintuples Profit, But Stock Tumbles

By | October 21, 2015

Scalper1 News

ServiceNow (NOW) soundly beat earnings estimates in its third-quarter report Wednesday afternoon, but concerns over revenue projections sent the business-software maker’s shares reeling in after-hours trading. ServiceNow reported a GAAP loss of $41 million but said adjusted earnings were 15 cents a share, quintupling the 3 cents a share reported a year ago and nearly double the 8-cent EPS forecast from analysts polled by Thomson Reuters. Scalper1 News

Scalper1 News