Tableau Software stock rose 6% after earnings beat
Tableau Software Inc. shares rose 6% in the extended session Thursday after the company beat consensus earnings estimates but missed revenue expecations. The company reported first-quarter net losses of $88.9 million, or $1.04 a share, compared with losses of $46.5 million, or 57 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, and donations of class A stock, among other things, earnings were 2 cents a share. Revenue rose to $282.5 million from $246.2 million in the year-ago period. Analysts surveyed by FactSet had estimated losses of a penny a share on revenue of $287.3 million. For the second quarter, analysts model adjusted earnings of 41 cents a share on sales of $330 million. The company said it would disclose its second-quarter guidance on the earnings call at 4:30 p.m. Eastern time. Tableau stock has gained 41% in the past year, with the S&P 500 index rising 11%.
Source : MTV
